Here are a few different actions you should not take before you file for a Chapter 7 bankruptcy:

  • Transfer property or money
  • Only make payments to your favorite creditors and not to others
  • Buy unnecessary items using a credit card
  • Make unusual bank deposits that will create a red flag
  • Initiate unnecessary lawsuits 
  • Prepare bankruptcy paperwork incorrectly or carelessly
  • Take cash advances on your credit card
  • Purchase luxury services 
  • File for bankruptcy before you receive a valuable asset, such as an inheritance
  • Failed to file your tax returns
  • Use your retirement funds unnecessarily
  • File for bankruptcy at the wrong time