Chapter 7 * cases starting at $1000 in attorney fees plus court filing fees of $338
Chapter 13 * cases starting at $750 down which includes the filing fees and then hourly work will be billed
* Please note that all cases require a full consultation before an individual attorney fee quote can be made

Payment Plans Available. Call For A Free 1-Hour Consultation. 

A+ Premier Attorney Rating | The National RegistryA+ Premier Attorney Rating | The National Registry
Awarded | Top 100 Bankruptcy | Blog
A+ Premier Attorney Rating | The National Registry
Photo of Kim Covington

A Personalized, Sensitive
Approach To Bankruptcy

4 pitfalls to avoid during a bankruptcy

On Behalf of | Nov 20, 2023 | Chapter 7 Bankruptcy

Entering Chapter 7 bankruptcy is a formidable journey, and steering through it successfully requires a keen understanding of potential pitfalls.

By sidestepping these challenges, individuals can enhance their prospects of achieving financial stability in the aftermath.

1. Neglecting financial planning

One of the gravest mistakes individuals make during Chapter 7 bankruptcy is neglecting financial planning. Failing to create a realistic budget can hinder your ability to manage your finances effectively post-bankruptcy. Take the time to outline your monthly expenses and income, ensuring that you prioritize essential needs.

2. Hiding assets

Attempting to conceal assets is a risky maneuver that can lead to serious consequences. Chapter 7 bankruptcy involves a thorough examination of your financial situation, and hiding assets may appear fraudulent. Be transparent about your assets to maintain the integrity of the process. Failure to disclose all assets may result in the dismissal of your case or even legal repercussions.

3. Incurring new debt

During Chapter 7 bankruptcy, it is important to avoid incurring new debt. Some individuals may feel tempted to use credit cards or take out loans, but this can complicate the bankruptcy process. Accumulating new debt after filing can raise questions about your financial responsibility and may affect the success of your case.

4. Ignoring court-ordered obligations

Once your Chapter 7 bankruptcy is underway, adhere to any court-ordered obligations. Failure to attend hearings or provide requested documentation can delay the proceedings and may jeopardize the outcome of your case. Stay informed about court dates, respond promptly to requests and fulfill any obligations to ensure a smoother bankruptcy process.

In 2022, 225,455 people found a financial lifeline with a Chapter 7 bankruptcy. By staying diligent, transparent and responsible, individuals can navigate this challenging financial situation with greater ease.

FindLaw Network

Learn More About Your Fresh Financial Start

The Law Office of Kim Covington, is a woman owned debt relief agency, and I have helped families, individuals and small businesses, file for bankruptcy relief under the U.S. Bankruptcy Code, for over 24 years.