Bankruptcy can be a big burden for anyone. Whether voluntary or involuntary, here are some points to consider before filing bankruptcy:

• Know your options

Get all the details about bankruptcy to reduce the stress that is waiting for you. Clear all your queries with the bankruptcy lawyer regarding your situation.

• Stop charging

Stop using your credit card if you are planning to file for bankruptcy. Charges and cash advances made within 90 days of filing the bankruptcy are critically scrutinized in bankruptcy cases. It’s better if you stop using your credit card as soon as you know you will be filing bankruptcy. According to the law, a financially responsible person should know when to stop spending money that is not there, especially when you are planning bankruptcy.

• Hire a bankruptcy lawyer you are comfortable with

You have to trust your lawyer. When you’re choosing an attorney, you must be a good judge of character and trust your intuition. If you find an attorney who does the entire paperwork and review drafts, you can completely feel relaxed.

• Organize your financial documents

It’s quite obvious that you will contact a bankruptcy attorney as soon as you’re planning it. Before you contact an attorney, you need to sort out few things. Sort out all required documents with all the required information to prove the amount of debt you are facing and the amount of money you have. Your bankruptcy attorney will go through your budget to decide what "disposable" or leftover income that can be paid to creditors.

• Be ready to meet your bankruptcy lawyer

When you talk to your attorney for the first time, be sure to have all the required financial documents to answer all questions from your lawyer.

Always remember, you must be honest throughout the process. Anyone who hides any assets or lies about any paperwork may face criminal charges. Again, you may not want to drag the process of bankruptcy on for a long time. You need to be available whenever your lawyer needs you.

• Keep all records

It’s a must to keep a good records of all debts owed prior to your meeting with your bankruptcy attorney and to get a clear picture of where you stand financially.

• Have a more responsible future

Bankruptcy should always be seen as a new start for your financial future. Try to learn from the credit counseling and debtor education classes that are required in cases of bankruptcy. This is so you know more about the steps needed to rebuild your credit after bankruptcy.