Prebankruptcy Planning

Bankruptcy and Divorce: Which Comes First?

Filing for bankruptcy after divorce has advantages, but filing before is simpler. Learn about the benefits of filing for bankruptcy before a divorce, such as discharging mutual debts, as well as potential pitfalls to watch for.

Bankruptcy for Small Business Owners: An Overview

An introduction to the various options small business owners have to file for bankruptcy protection, and the pros and cons of each.

Chapter 7 Bankruptcy for a Small Business

Chapter 7 is rarely used to wind down a struggling small business's operations. Learn why it's more common for a small business owner to file for personal Chapter 7 after a business closure to get out from under business debt.

Chapter 11 Bankruptcy: An Overview

Both individuals and businesses can file for Chapter 11 bankruptcy. Learn more.

Should I Refinance Before or After Bankruptcy?

Discover your options if you are considering bankruptcy but would like to refinance your mortgage and lower your rate, including whether it's best to refinance before or after bankruptcy.

Should I Cash Out My Savings Account Before Filing for Bankruptcy?

Protecting cash and bank account balances with a bankruptcy exemption can be challenging, but losing money in bankruptcy isn't inevitable. Learn how to use cash and other funds before filing for bankruptcy without committing fraud.

Hiding Property & Assets in Bankruptcy

Giving away, hiding, or destroying property before filing for bankruptcy can land you in trouble.

Should I cash out my retirement account before filing for bankruptcy?

In many cases, retirement funds can be protected in bankruptcy, so withdrawing money from a retirement account before bankruptcy is rarely a good idea, especially if you plan to use the funds to pay debts you can erase.

Can I Use My Credit Cards Prior to Filing for Bankruptcy?

If you use your credit cards before bankruptcy, the credit card company might challenge your ability to wipe out the debt.

Should I Buy a Car Before or After Filing for Bankruptcy?

Securing a financed vehicle after Chapter 7 bankruptcy, and paying for any large item after Chapter 13 can be challenging. Learn when purchasing a car should be part of bankruptcy preparations.

Should I Stop Paying Creditors If I'm Going to File for Bankruptcy?

Avoid wasting money paying debts that will be erased in bankruptcy by learning which creditors you can safely stop paying and which obligations you must pay to avoid losing a home, car, or other financed property.

Can I Buy Household Appliances Before Filing for Bankruptcy?

In general, you should avoid making large purchases prior to filing for bankruptcy.