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10 easy tips to help you prepare for bankruptcy

19 October 2010

10 EASY TIPS TO HELP YOU PREPARE FOR BANKRUPTCY.

1. Make sure your taxes are filed and up to date.

2. Create a folder to throw all credit card bills, collection notices & lawsuits into.

3. Create a folder to throw all your paystubs or benefit statements into.

4. Stop using your credit cards, payday loans & personal lines of credit as soon as possible.

5. If you have a bank account where you have also have debt you’ve defaulted on, open a new account at a new bank.  Do this ASAP.

6. Create a folder to throw all your monthly expenses into. Those include electricity, gas, food, cable, phone, etc.

7. If you’re sued, don’t waste money on filing an Answer. Put the money towards getting your bankruptcy filed sooner.

8. Stop making payments to creditors of all unsecured debts, like credit cards, payday loans and personal loans.

9. Continue making payments for houses and cars you wish to keep.

10. Make sure you have a current driver’s license and copy of your social security card.To get the bankruptcy process started visit our website and fill out our questionnaire to see if you qualify.

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Sample California Chapter 7 bankruptcy petition

18 July 2010

As you all have read from my previous posts.  I do not advocate for DIY’ers to create their own California Chapter 7 bankruptcy Petition.

However, not everyone listens to attorneys, lol.

Here is a link to a sample California Chapter 7 bankruptcy Petition. Here is another link as well.

As I have said before, its often more cost-effective (for example – the risk of losing your home, car, tax refund etc….) to hire an attorney.  However, not everyone will do that.

Caveat Emptor!

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