Don't Make These Common Bankruptcy Mistakes!

Anyone considering bankruptcy is already under a considerable amount of stress. Making any one of these common mistakes, however, will only multiply any stress you feel now. Always act in good faith with your creditors and with the law.

If you are considering filing for bankruptcy, the best thing you can do is to find an experienced lawyer to guide you on the long, complex route to debt relief and financial recovery. Attorney James H. Monroe has handled bankruptcy in Orlando, Florida for over 25 years. Call 407-872-7447 or contact us online today to schedule a free consultation.

Bankruptcy Don'ts …

• Don't pay your relatives or friends in favor of your other creditors, and don't try to transfer property out of your name and into theirs. If you do, the bankruptcy trustee may sue them on behalf of your creditors to get the money back.
• Don't attempt to sell your property for less than what it's worth. This will not reduce the amount you eventually have to repay — and you or whoever you sold it to may end up stuck with the difference.
• Don't run up your credit card debt prior to filing a bankruptcy. The court may view this as an attempt to exploit the bankruptcy system, and the judge may treat it accordingly.
• Don't buy any luxury items prior to filing for bankruptcy. Any luxury items purchased within 70 days of filing for bankruptcy are viewed as non-dischargeable debt.
• Don't take any major cash advances off of credit cards prior to filing for bankruptcy. The court may suspect that you are acting in bad faith and may refuse to discharge the debt.

Bankruptcy Do's

• Do take the bankruptcy court seriously, and avoid making any financial decisions that may make your creditors suspect you of filing in bad faith.
• Do seek bankruptcy counsel before you file any papers, and learn your rights and options under the United States bankruptcy code.

At James H. Monroe, P.A., we help clients file for Chapter 7, Chapter 11 and Chapter 13 bankruptcy. Attorney James H. Monroe has the experience and knowledge necessary to help steer you on the path to debt relief.

Mr. Monroe is certified in bankruptcy law by the American Board of Certification. He served on the Board of Directors for the Central Florida Bankruptcy Association for over six years. You can trust his experience and legal knowledge to help you overcome your financial burdens.

No one should face bankruptcy alone. To schedule a free initial consultation with Mr. Monroe, call 407-872-7447 or contact our offices online today. We are ready to help.