Below are a few tips to keep in mind, during your bankruptcy consultation:
- When in doubt, ask. If you are not sure whether a piece of information is relevant or have questions about whether something is correct or should be listed on your bankruptcy petition, just ask.
- Tell the whole truth. Bankruptcy is not the time to play hide and seek; it is your responsibility to disclose all of your income and all of your assets to the best of your ability. One consequence of failing to do this is a denial of discharge and this means that you will continue to remain liable for some or all your debts.
- Reveal prior filings. If you, your spouse, or your former spouse has filed for bankruptcy in the last 20 years, let your attorney know. In most cases, this information must be listed on your bankruptcy petition.
- Disclose prepetition transfers. It is your duty to disclose to your attorney any sale or gift of real or personal property, prior to filing bankruptcy. Failing to do so may lead to a denial of discharge, the loss of otherwise available exemptions, and criminal fines and penalties.
Following these tips will help ensure your proceeding goes smoothly and will help avoid additional attorney fees and costs. For most honest debtors, the bankruptcy system promises and delivers a fresh start; if you are not honest, however, you put your financial future in jeopardy.
To learn more about bankruptcy, take a look at the Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) Notices and the Bankruptcy Information Sheet.
If you need help with eliminating your debts, contact our office today at 248-595-8617 to schedule a free, initial consultation.