Going through bankruptcy is stressful enough, but when you think you’re doing something perfectly legal like paying down debt to a family member, the wrong decision can raise red flags and place your bankruptcy discharge in jeopardy. Below are some of the more common mistakes people make before filing for bankruptcy. Read the full article here: https://www.oflaherty-law.com/learn-about-law/before-filing-for-bankruptcy
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This article will discuss what to avoid in the months leading up to filing for bankruptcy so that you don’t inadvertently commit fraud or get your bankruptcy discharge denied. We will cover the following topics: Paying off loans before filing for bankruptcySelling retirement assets before filing for bankruptcyRacking up new debt before filing for bankruptcySelling assets below market value before filing for bankruptcyMoving or sheltering assets before filing for bankruptcyFile bankruptcy before receiving a large sum of moneyFailing to file income tax returns before filing for bankruptcy
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