When facing bankruptcy, most people want to just get it over with as quickly as possible. However, moving too quickly on your own will open you up to mistakes and oversights that could be tremendously costly in the long term. People make mistakes all the time in bankruptcy, mistakes that could and should be avoided by working with an experienced legal team.
At Rauser & Associates Legal Clinic LLP, we are one of Ohio’s largest bankruptcy law firms. We bring more than 20 years of experience to every case we handle, as well as practical knowledge, insight and a personal concern to get you the best outcome possible.
Common Mistakes That Too Many People Make In Bankruptcy
- Trying to hide money: There are many ways people try to hide money from creditors before a bankruptcy filing. Sometimes people will be tempted to not list all their creditors or literally “fail to mention” that extra bank account. But these are serious infractions that will certainly impact your bankruptcy process and outcomes negatively.
- Reckless spending: Some people want to spend as much as possible before filing for bankruptcy. Perhaps you want to have one last great time before hunkering down financially, or possibly you want to pay back some personal loans from friends and family members before the process. But the bankruptcy trustee will see these transactions and it will turn out worse for you and for your family in the long-run.
- Going it alone: Especially when finances are the root of the problem, it might seem hard to justify paying for a lawyer to help you through the process. However, the investment more than pays for itself. An experienced bankruptcy attorney can help spot mistakes and potential pitfalls, can help you through the process and make sure your rights and interests are protected. To get the best out of bankruptcy, working with a trusted lawyer is the most important decision you can make.
The best way to avoid making these mistakes is to contact us right away. Our attorneys will help you through the process, considering alternatives to bankruptcy and other options for getting the financial freedom you are seeking. We have locations throughout Ohio and we are here to help you. Call 888-8-HELP-US or email us to schedule a free initial consultation.
