Mistakes People Make When Filing for Bankruptcy in California
Bankruptcy is a difficult process for many to fathom and work through. There are so many facets, that it can be hard to determine what the next step is, and to go through the process and come out better on the other side. There are some common bankruptcy mistakes that filers tend to make that can affect the outcome. Using the Wrong Funds to Pay the Debt Though it might seem like a great idea to use a home equity loan or a retirement fund to pay down your debt, you should avoid this bankruptcy filing mistake. If you are all set on filing for bankruptcy, you should allow your attorney to help you file for full bankruptcy and have your debt dismissed in the proceedings rather than try to pay it down with other funds. Retirement funds are something you will need in the future, and a home equity loan can put you further in debt. Transferring Assets Before Filing Any sensible bankruptcy lawyer will strongly caution against doing something that might make you loo