The best day of the month to File Bankruptcy

Thinking of bankruptcy? Before you do this, consult your calendar and the phone number for your bank. The day, select the file you can (or free) save thousands of dollars.

Here's why: the property that you own on the day the file, only the assets that are considered in your case. That is, they are the only ones who can get to the creditors in the situation. Some assets retains pretty much the same value in the course of a month, such as your car or your furniture, forExample. But the money in your checking account tends to fluctuate day to day. Immediately after your deposit paycheck, your account has a higher balance. For a brief moment it looks like you're flush, right? Then comes the time to pay all the bills. You start checks for rent, electricity, cable, food, gas, health insurance, and all other regular expenses. again fairly soon became clear these checks and your account back to this minimum balance.

This is the day you wish to fileYour bankruptcy - if all invoices have been paid for the month and your balance is at its lowest point. It does not matter if you are to your next paycheck deposit the day after bankruptcy: It is the balance in your account that day that you file that counts how your capital. And not all assets are exempt. Their state of research in particular wage exemption laws or consult with an experienced bankruptcy lawyer in the state where you will submit your petition.The type and amount of wages in a bank account, the plants are exempt from creditors varies from state to state.

No matter which country they live, it's always a good idea to register your bankruptcy, if your bank account to their lowest balance. And here one last thing to note: just because you did not write these checks, your account balance reflects it. Not by what is written in your checkbook - go go register online or call your bank to receive a detailed reportBalance before you file your bankruptcy petition. This small, simple strategy can save you thousands of dollars that could otherwise go to your creditors in bankruptcy.