Even if you have committed some of the prohibited actions before filing your case, they can often be rectified by selecting the correct filing date.
In general, the debtor should avoid declaring bankruptcy if he or she has:
* Charged on a credit card or received a cash advance within the previous ninety days
* Paid off an unsecured debt exceeding $600 in the preceding three months
* Paid off a family member's debt within the past year
* Presented someone with a substantial gift within the past year
* Transferred an asset for less than its equivalent value within the past two years (or longer if your state's anti-fraud statute reaches back further).
* Recently acquired a vehicle
Depending on the particulars of the case, the debtor may also desire to avoid filing in certain other situations. The debtor might not want to file in the following instances:
* In the process of inheriting a fortune.
* Anticipating a tax refund
* Received a sizeable compensation in the previous six months, which inflates the debtor's income on the """"means test"""".
† Currently negotiating a mortgage modification
In spite of the fact that filing after having done some of these things may not affect the debtor's case, it is essential to alert your attorney to these issues prior to filing. Even though it may not be possible to avoid filing before the deadline on one of these issues (for instance, you may need to file to stop a foreclosure despite knowing that doing so could result in a debt repayment to a relative being revoked), it is essential to discuss the facts with your attorney so that you are aware of all your options.
Frequently, the debtor will believe he or she """"needs to submit"""" long before it is actually required. In such cases, delaying filing can frequently result in a simpler bankruptcy case for the debtor.""
" - https://www.affordablecebu.com/
