3 Things You Should Not Do When Consider Filing for Bankruptcy
Bankruptcy in Kelowna is one way for people to get out of debt if they absolutely can no longer pay it off due to personal circumstances. Life can happen and this could mean losing your source of income to pay off debts. You need the help of a Licensed Insolvency Trustee such as Mike Wright & Associates Inc to file for Bankruptcy in Kelowna . But before you do this, make sure you avoid doing the following things: 1. Cashing your retirement fund out. A lot of people seem to think that when they file for bankruptcy, they might be forced to use their retirement fund to pay for the debts. During the bankruptcy process, your retirement fund will not be touched. 2. Avoid using your credit card to pay for major purchases. In fact, avoid using your credit card altogether. When you use your credit card for big purchases, you will have to prove that those were used for your primary needs or the maintenance of your home. The court will check if the purchases were for non-essen...