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What NOT To Do When Filing For Bankruptcy

If you are in need of legal help with foreclosures, repossessions or creditor harassment, or, you have questions about filing for bankruptcy, you need to have the right representation. With a lawyer who knows the ins and outs of bankruptcy, you’ll have a much easier time of getting paperwork in at the right time and ensuring that you get the things you are seeking. There are also a few items that you should keep in mind about what not to do.

What You Should NOT Do:

Doing things right is crucial, especially in regards to filing for bankruptcy. To help you out, here are some tips on things you should NOT do when it’s time to file for bankruptcy:

  • Transfer your assets to another person without the advice of an attorney: This includes cars, property, boats, etc.
  • Fail to file tax returns: Even if you are unable to pay your taxes, it is imperative that you file a tax return.
  • Repay debts you owe to family and friends
  • Short sale of your house to avoid foreclosure: This can prevent the discharge of any tax liability entirely.
  • Spend the remaining credit on your credit cards
  • Pay off car loans

Doing any of these things can be the cause of much trouble when you enter the bankruptcy process. In some cases, they may prevent you from being able to discharge a debt entirely.

How We Can Be of Help

We will work to ensure that you keep as many assets as possible, but you must contact us before attempting to handle it yourself. Our friendly and professional staff is here to walk you through — from the first steps of eliminating debt to the final steps of financial freedom. Whatever your bankruptcy needs, and whether you’re better suited to file for Chapter 7 or Chapter 13 bankruptcy, Darrell L. Burrow will provide you with quality legal representation that you can count on.

Call Burrow & Associates, LLC Attorneys At Law today at (678) 942-8640 to schedule a free initial consultation. If you have any other questions or comments, please contact us.

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