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Don’ts in Preparing to File Bankruptcy (Part 2)

On Behalf of | Aug 4, 2017 | Guidance

11.  Don’t give of gift property to anyone.
12.  Don’t transfer assets to anyone unless it is a genuine sale for fair value.
13.  Don’t cash out retirement plans or 401k’s.
14.  Don’t gamble.
15.  Don’t hide assets or debts.
16.  Don’t forget timeshares or co owned property.
17.  Don’t omit unfiled legal claims you have.
18.  Don’t forget stock options, profit sharing plans, or pension rights.
19.  Don’t take out payday loans.
20.  Don’t put your money in your children’s bank account.

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