What Not To Do Before Filing Chapter 7 In St Cloud, MN

Posted by Wesley Scott on December 22, 2019 at 3:21 PM
Wesley Scott

what not to do when filing bankruptcy There are things you should never do before filing Chapter 7 Bankruptcy. Experienced bankruptcy attorneys can guide you through the complicated landscape of bankruptcy in Minnesota. We have seen what happens when someone refuses to pay for quality bankruptcy representation and it is not pretty.

First, do NOT transfer any assets prior to filing bankruptcy UNLESS you have disclosed this proposed transfer to a bankruptcy attorney in advance and the bankruptcy attorney has approved the transfer. We are looking to avoid a number of issues here but the biggest is we do not want you to transfer assets for less than fair market value. If an asset is transferred for less than fair market value, the Chapter 7 trustee may be able to pursue the recipient for the value of the transfer.

Second, do NOT pay family, friends, or business associates money you owe them before speaking with competent local bankruptcy counsel. Do NOT call any bankruptcy service that takes you out of state. There is no need to go out of state when you are looking to file bankruptcy. Plus, if you go out of state make sure you read the Google reviews of the company you are looking at to save yourself a lot of headaches.

Third, do NOT try and file a bankruptcy yourself. This is a snake pit. Bankruptcy is very complicated and most lawyers will not even touch this area of law so you should not either. Choose a competent local bankruptcy law firm that is the HIGHEST GOOGLE REVIEWED and you cannot go wrong. Anyone even suggesting you should try this yourself is steering you in the wrong direction. We have seen the terrible fall out from good people trying to do this themselves and it is always a mistake. Being in debt is bad enough. Treat yourself to a wonderful law firm dedicated to holding your hand through this process.

   CONCLUSION

When the time is right, or when you are ready, reach out to Minnesota’s HIGHEST GOOGLE REVIEWED bankruptcy law firm at www.kainscott.com. You will be so happy you did!

 

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