Law Office of Rick Morin, PC

Bankruptcy doesn’t have to be stressful or intimidating. I help dozens of people each month successfully compete the bankruptcy process. Here are some of my top bankruptcy tips for acing your bankruptcy!

1. Be Organized
Trust me, the bankruptcy process will go much more smoothly if you are organized from the start. I have seen many clients rush to do the initial paperwork then realize that they have forgotten a creditor or other piece of information. Don’t be afraid to ask questions or take your time when reviewing your bankruptcy paperwork with your attorney. After all, I wont know if something is missing if you don’t tell me.

2. Take Your Financial Management Classes ASAP
All bankruptcy filers are required to compete two financial management classes: there is one course before filing bankruptcy, and one course before your bankruptcy case is closed by the court. Be proactive and finish the classes as soon as possible to ensure your discharge isn’t delayed. As an aside, did you know that I provide my clients with the mandatory bankruptcy courses for free?

3. Be Prepared for Your Meeting of Creditors
Did you know some bankruptcy trustees will refuse to hear your case if you don’t present your driver’s license or social security card at the hearing? Plan ahead and make sure you have everything you need before your hearing date. You only want to appear at the courthouse once!

4. Close Unnecessary Bank Accounts Before You File
Decluttering your accounts can save you time and stress during the bankruptcy process. Not only will you need to report all of your accounts on your petition, but most trustees will want to see your account statements on the day you filed – even if they’re empty. Some banks will stop sending you statements once you file, so save a trip to the bank and close out the accounts you don’t need.

5. Pay Installment Payments On Time
For many filers, finances are extremely tight, so it is beneficial to elect to pay your court filing fees in installments. However, especially for Chapter 13 filers, it is very important that you pay the correct amount on time. Missing a payment might result in your case being dismissed. My office will send you a schedule of your payments that need to be made to the court, and we strongly recommend that you put these dates on your calendar.

My goal is for each and every client of mine to have a successful bankruptcy with as little hassle as possible. Call me to find out how easy bankruptcy in Sacramento can be! Our office phone number is (916) 333-2222.