Ten Things You Need to Know Before Filing Bankruptcy

Ten Things You Need to Know Before Filing Bankruptcy Bankruptcy is a tool.  Any tool can be misused which can cause you serious damage.  Ask the idiot who sticks a screw driver in a live electrical socket. YOU ARE UNIQUE: Each person has a unique situation, background and goals.  Never take advice from a friend or relative because their situation will NEVER be the same as yours.  After all, you would not take medicine prescribed to your friend, so why would you assume your financial and personal history is the same for bankruptcy purposes? BANKRUPTCY FRAUD: Bankruptcy is not the same of filling out simple forms.  All bankruptcy cases include at least 70 pages of information, all signed under penalty of perjury.  That means if you lie, hide assets or try to defraud the court or creditors you may find your  “discharge” revoked (this is your bankruptcy protection from creditors) and you referred to the Department of Justice for…

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