Are you planning to file for bankruptcy? If so, managing your debt and assets before you even begin is important for the success of your claim. Here are a few do's and don'ts involving your money in the weeks and even months before filing with the court. Do Buy What You Need Bankruptcy court will go over your financial transactions leading up to your filing date to look for prohibited actions.
One of the more challenging obstacles for folks to try to overcome in bankruptcy is dealing with secured debt. For most debtors, secured debts mostly refer to mortgages and car loans, although they can include almost any loan that's backed by collateral. If you're trying to figure out how to hold onto such items while also restructuring your debts, pursuing a Chapter 13 bankruptcy will probably be your best option. Let's take a look at how this might be accomplished under the Chapter 13 bankruptcy law.
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