Actions to Avoid Before Filing Bankruptcy

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Bankruptcy can be a useful and necessary form of legal debt management. In most cases, the process is fairly straightforward and free of complication. However, the Bankruptcy Code has many traps for the unwary, both innocent and not-so-innocent. This paper address some of those traps and warns against any type of fraudulent action.

The actions which should be avoided prior to filing bankruptcy are grouped according to the severity of their repercussions.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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