Things to Avoid before Filing Bankruptcy

The Oregon & Washington bankruptcy attorneys of Baxter & Baxter, LLP, are zealous advocates for our clients. Our relationship to our clients is built on trust, and it is of the utmost importance that clients are completely candid with us so that we can give fully informed advice. Some actions that consumers take prior to filing for bankruptcy can have profound effects on the bankruptcy case once it is filed. Here is a common list of things that consumers should avoid doing once they decide to file for bankruptcy.

  • Don’t sell, give away or transfer ownership of any personal property, real estate, or other property prior to filing your bankruptcy case.
  • Don’t use credit cards or incur more debt.
  • Don’t leave assets off your bankruptcy forms, including lawsuits, workers comp claims, or other possible cases you may have.
  • Don’t take money out of, or borrow against, retirement plans, IRAs, or 401Ks
  • You should talk to your lawyer if you are expecting a large tax refund.
  • Don’t put your money into someone else’s bank account or put your name on someone else’s account.
  • Don’t get married or move in with someone, especially if that person has a high income.