In the event that you understand youвЂ™re preparing to apply for bankruptcy there are actions you ought to avoid. A few of them can harm your instance, or at the very least raise questions regarding your motivations and motives.
Using some of these actions also can lower the quantity and kind of exemptions youвЂ™re entitled to, therefore you could lose home you otherwise will have been allowed to help keep through the bankruptcy procedure.
Avoid making big decisions that are financial.
Now could be maybe not the right time for you to offer your home or your vehicle. It is not the right time for you to purchase a residence or a motor vehicle.
You donвЂ™t want to cash your retirement funds out either. DonвЂ™t make virtually any major purchase. YouвЂ™re going to file for bankruptcy, just stop if you know. (more…)