Why Bankruptcy can be a disaster without a good attorney
Brought to you by Ken Mitchell-Phillips - The Law Offices of Ken Mitchell-Phillips - LEGAL INSIDER -
Filing for bankruptcy is often seen as simply filling out a few forms and going from there, without requiring much precision or knowledge of what you're doing. I'm here to tell you that's wrong; without a good bankruptcy lawyer like an attorney from The Law Offices of Ken Mitchell-Phillips, you may end up losing some of your most prized possessions, or even end up in jail for Bankruptcy Fraud.
A good bankruptcy attorney can inform you of how to protect the assets you want to keep. Some people think that by selling their property for minimal values just before filing bankruptcy, they can avoid its liquidation. Doing this violates Fraudulent Conveyance laws, however, and can end with you serving jail time for bankruptcy fraud.
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