Before Filing
Before filing for bankruptcy, consider the following:
- Check your credit score and history to identify areas for improvement.
- Gather documentation for income, expenses, and assets.
- Consult with a bankruptcy attorney or financial advisor to understand the process.
After Filing
After filing for bankruptcy, you may face:
- Automatic stay: immediate halt of collection activities.
- Petition forms and court appearances: required steps to resolve the case.
- Creditor payments: managing debt during the waiting period.