Things You Need to Be Aware If You Are Considering Bankruptcy

Things You Need to Be Aware If You Are Considering

Bankruptcy

Things To Avoid Before File Insolvency

1. maxing out your credit cards

2. Prevent running up your debt limit

Be Honest â—?

When you file make sure whoever is handling the procedure is completely conscious of every single fiscal detail.

â—?

Hiding income or assets may lead to a judgment of dismissal from the court.

â—?

It could also mean you will be barred from ever having the chance to to file for insolvency any time in the foreseeable future.

Understand Your Rights A few years past, the Bankruptcy Abuse Prevention and Consumer Protection Act was made into law, in order to protect fiscally strapped consumers from being ripped off.

When To File ●

Don’t wait too long to file. Waiting until foreclosure or wage garnishments occur will make matters worse.

●

Contact an attorney when you understand that you’re in fiscal problem.

FOR DETAILED TIPS READ http://www.newhorizon.org/credit-info/things-to-know-considering-bankruptcy/

Want to receive more tips on how to manage your personal finances? Sign up to our weekly newsletter http://www.newhorizon.org/Info/creditbk.htm