Start your bankruptcy petition now and enjoy the holidays with a free spirit.
With the holidays fast approaching, your finances may be more on your mind than ever. However, you may be reluctant to move forward with a badly needed bankruptcy because you fear it might put a damper on the holidays.
The fact of the matter is, it can actually be very beneficial to start your bankruptcy process now as opposed to waiting until after the holiday season. Here are three possible ways you could benefit.
Stop Bill Collectors
As soon as you hire a bankruptcy attorney, you can start referring all communications from bill collectors to them. And as soon as your bankruptcy petition is filed, your bill collectors will actually have to stop all collection activities—including communications. So, rather than suffer through a holiday season with bill collectors making your phone ring off the hook and possibly even harassing your family members as well, you can see why it is really in your best interests to start your bankruptcy petition now.
Avoid New Debt
At first, it might actually seem pretty clever to wait until after your holiday shopping is done to file for bankruptcy. After all, can’t you just charge all those gifts and then erase your credit cards with a Chapter 7 bankruptcy? Actually, you can’t.
Doing this will be viewed with suspicion by the court and you could even be accused of fraud if anyone believes that you deliberately charged up a huge credit card bill you had no intention of paying. It is actually better to skip the holiday gift-buying binge this year, because this will enable you to avoid digging yourself any deeper into debt and ensure that your filing is not delayed by the waiting periods that must follow large purchases.
Prepare for a Better 2016
One final reason to file for bankruptcy now rather than after the holidays is that the sooner you file, the sooner you can begin moving forward with your life. So rather than spending the beginning weeks of 2016 getting organized and filing your petition, do it now, start the New Year with a clean slate, and immediately begin focusing on those New Year’s resolutions.
Get Expert Help from California Bankruptcy Relief
If you are ready to learn more about filing for personal bankruptcy, please contact us at 951-755-1000 to schedule a meeting with an experienced bankruptcy attorney.
