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What are the most common mistakes made in Iowa bankruptcy?

April 26, 2017Bankruptcy common Iowa mistakes

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What are the most common mistakes made in Iowa bankruptcy?

1 Answer

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10 Posted

*Making large cash advances, balance transfers or large charges shortly before filing; *Taking out a second mortgage instead of filing bankruptcy; *Not listing assets; *Not spending your bank balance down to $1000 per person on the day of filing; *Filing when you have a large tax refund pending; *Cashing out retirement plans; *Filing with a claim against others that is not disclosed or not thoroughly discussed with your attorney first; *Paying or giving money or assets to your family before filing; *Not showing up at the hearing.