If you had to declare bankruptcy, what would be the first thing you would do?
Jan Meriss Alfonso Assistant at Ascent Law LLC The first thing you should do if you're considering declaring bankruptcy is to gather all of your documents. These documents should include your social security card and government-issued ID. Next, find a credit counseling agency and arrange a meeting. Also, avoid making automatic deductions. Bring your government-issued ID and social security card to the meeting To attend a bankruptcy trustee meeting, you must bring a government-issued ID and social security card. Without these, the meeting cannot proceed. You will also need copies of your bankruptcy forms and recent bank statements. After the meeting, the trustee will close the bankruptcy case and send a letter to the court stating that your debts have been discharged. Avoid automatic deductions One of the best ways to avoid automatic deductions when declaring bankruptcy is to stop all of your automatic bills and payments. These can take time to stop, but they should be stopped onc...