What Are Two Things I Should Not Do Before Filing For Bankruptcy?
I see people make many mistakes when filing for bankruptcy. It could be in their paperwork or it could be failing to plan appropriately. Here are the top two things that people do wrong when filing for bankruptcy protection. Using Your IRA, 401K or other Qualified Retirement Plan. Bankruptcy exemptions protect your IRA, Inherited IRA, […]
Can You Cancel or Annul Your Bankruptcy Filing?
The short answer to this question is “no,” you cannot cancel your bankruptcy filing and somehow undo the process. You may be able to dismiss your case, or your case may be dismissed by the court, but a dismissal is not the same thing as undoing the process. In other words, you cannot annul your […]
Does it Make a Difference if I File Bankruptcy Before the End of the Month?
If your income is above the median income for your household size, you must complete a “means test” when you file your bankruptcy petition. To determine whether you are above or below the median income, your gross income for the six month period prior to the month you file bankruptcy is considered. So if you […]