Living with out-of-control-debt has its own monsters: creditors calling at all hours, lurking lawsuits, bank levies, and garnishments that suck the earnings right out of your paychecks. Bankruptcy can offer a way out, a last minute exit from the debt-collection horror house.
However, the safe path is not always clear. Here are some bankruptcy horror stories that you should avoid:
When filling out her bankruptcy petition, Wendy accidentally provided the wrong Social Security number. She was shocked to learn weeks later that her debts were not getting discharged unless she quickly amended her bankruptcy paperwork to correct this huge mistake.
Brad works the graveyard shift. He knew he might miss his 8:00 am bankruptcy hearing, but he thought, “My attorney would be there. What’s the worst that could happen?” When the court date arrived, Brad’s attorney was frantic. He did his best to delay, but the trustee dismissed his case.
Freddy forgot that his uncle had recently turned into a zombie. Even the undead have wills, and Freddy inherited a ghoulish castle worth over a million dollars. When he didn’t list this large asset on this bankruptcy petition, the Bankruptcy Trustee seized the scary property without delay and sold it for the benefit of Freddy’s creditors.
Sabrina is always looking for a bargain. So, when she reviewed her bankruptcy options she decided to do it herself. A week after she submitted her petition, Sabrina was informed by the court that she did not qualify for a Chapter 7 and that her case was going to be thrown out! Instead of saving money by not using an attorney, she is now accountable for thousands and she will have to deal with negative consequences if she tries to file a subsequent bankruptcy.
Don’t let a botched bankruptcy ruin your fresh start. Avoid the tricks and hire experienced bankruptcy attorney Rick Morin. Call the office now at (916) 333-2222!