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Should you use up savings before filing for bankruptcy?

Filing for bankruptcy is not as simple as submitting a document, walking away from debts and starting over financially. Every move you make can affect how the court determines your bankruptcy case. Therefore, you need to ensure you take the right steps not only after you file but also before. One action you may be considering is using up all the money in your savings account either to pay off as much debt as possible before declaring bankruptcy or to protect it from creditors. Either way, you need to be aware of the following information before you deplete your savings.

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Paul Urich
Orlando Office

Law Office of Paul L. Urich, P.A.
1510 East Colonial Drive
Suite 204
Orlando, FL 32803
Phone: 407-982-3763
Fax: 407-896-3041

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