What You Should (and Shouldn't) DO Before Filing Bankruptcy

Bankruptcy "DO's"?

• Do be honest and thorough when disclosing your income, assets, debts, and financial history—accuracy is key to a successful case.

• Do continue making payments on property you want to keep (like your home or car), but if you're falling behind, talk to an attorney about whether bankruptcy can help protect it.

• Do gather and organize financial documentssuch as pay stubs, tax returns, bank statements, and bills before your consultation.

• Do consult with an experienced bankruptcy attorney before making any major financial decisions, like transferring assets or repaying loans to family.

• Do complete the required credit counseling course before filing—it's a mandatory step, and your attorney will guide you through the process.

Bankruptcy "Don'ts"

• Don’t hide or transfer assets to friends or family—this can be considered fraud and could jeopardize your case.

• Don’t max out your credit cards or take on new debtright before filing—courts may view this as abuse and deny discharge of those debts.

• Don’t ignore lawsuits, garnishments, or foreclosure notices — bankruptcy may help, but timing is critical, so act quickly.

• Don’t repay loans to family or friends before filing—these payments can be reversed by the bankruptcy court.

• Don’t file without speaking to an experienced bankruptcy attorney — mistakes can be costly and may result in losing assets or having your case dismissed.

Request A Consultation

Get in touch to schedule your free telephone consultation. We will evaluate your case and you bear no obligations. The details you share are held in confidence.

Email attorneymoseley@bankruptcyclients.com

Phone (202) 269-6099

Address

1025 Connecticut Avenue, NW, Washington, DC 20036

📍 Serving

Washington, DC

Maryland