RSS FeedFor those of you waiting until after the Holidays to file your bankruptcy case, heed my advice. Here are my tips and pitfalls to avoid now, if you’re planning a New Year fresh start.
- Don’t spend more than $500.00 on any one occasion, unless it’s necessary for the maintenance and support of your household. Car repairs and groceries, etc. are okay. You get the idea.
- Don’t use your credit cards and if you need to for an emergency, follow tip number 1 above.
- Don’t spend your savings or cash in your retirment accounts to pay debts.
- Don’t borrow money from relatives.
- Don’t bank where you owe money. Open a new account with a bank that you don’t owe any money to. This way, your cash will not be frozen when you file your case.
- Make home made Holiday gifts, or just spend time with loved ones instead of buying presents. Create new traditions that spread the joy of gratitude for those in your life.
- You absolutely MUST take your pre-filing credit counseling course BEFORE you file your bankruptcy case. If you don’t, you’re case will be dismissed and you’ll have to start over.
I wish you all a holiday season filled with Joy and Love. I am grateful for those of you that have touched my life personally and professionally. Thank you to all my teachers. Blessings and Peace to you.
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