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Great advice!

I caught another great article today. The advice seems applicable if you are thinking about filing bankruptcy.
1. Come see a lawyer early.
2. Stop paying debts that you are going to discharge. If you are unsure about what you are discharging, see #1;
3. Stop charging! Charges made close in time to bankruptcy are often presumed not dischargeable;
4. Leave your 401(k) and IRA alone. Those accounts can be protected in BK. Any money you take out is money that you could be protecting in a bankruptcy filing;
5. Save your paperwork. Get a big box. Fill it with all the bills you get, late notices, collection notices, etc. Throw in a few paystubs and your tax return and you are half-way ready to file bankruptcy (well, at least it’s a good start);
6. Get to it- the longer you wait the worse it gets. No one likes filing bankruptcy. The longer you put it off the more likely it is a creditor will file liens on your property, garnish wages, offset accounts, and do stuff that’s much easier to cut off that it is to undo.

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The attorneys of Wantland Law in Shepherdsville, Kentucky, advise and represent individuals and families in bankruptcy cases and debtor-creditor negotiations in Bullitt County, Nelson County, Spencer County, Hardin County, Okolona, Jefferson County, Louisville, and such communities as Mount Washington, Brooks, Lebanon Junction, Bardstown, Taylorsville, Elizabethtown, Radcliff and Fort Knox.

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