Making Mistakes In Bankruptcy

Bankruptcy is a tool for debt relief. However, that doesn’t mean you get to sit back and watch your debts be erased. In order to have a successful bankruptcy case, you need to get involved. Here is how:

Consult an attorney — A Fort Worth bankruptcy attorney’s office should be your first stop in your bankruptcy efforts. It is important to have professional consultation to ensure you are making the best choice for your financial situation, as well as find out what all is expected of you.

Organize your documents — In addition to filing the petition with the court, you may be required to provide proof of income, debts, assets and even past tax returns. Be sure you have this information ready to go in case you need to submit this paperwork.

Be honest — Your bankruptcy petition is one of the most important pieces of information to your case. Filing it out incorrectly, leaving out information or hiding information about debts or assets could result in serious consequences.

Listen and learn — As part of your case you will be required to attend a credit counseling course. Take this information seriously and take notes, applying this information to your future finances after your case is crucial to you taking full advantage of your fresh start.