Timing Your Bankruptcy Filing

Sometimes it makes sense to file for bankruptcy right away, and sometimes it's beneficial to delay your filing. How to time your bankruptcy petition depends on numerous factors. For example, if you are facing imminent foreclosure or car repossession, you may need to file immediately. On the other hand, if you will incur more debt in the near future, will more easily qualify for the Chapter 7 means test in a few months, or just moved and want to take advantage of your new state's exemptions, delaying your bankruptcy filing might make sense.

The articles below discuss the many factors to consider when you are deciding on the timing of your bankruptcy petition.

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Timing Your Bankruptcy Petition

Should I File Bankruptcy Now or Wait?

Timing a bankruptcy filing wisely can have a significant impact on your future.
Should I File for Bankruptcy Before or After Foreclosure?

It's often advantageous to file for Chapter 7 bankruptcy before you lose your home to foreclosure.

Questions on Timing Your Bankruptcy Filing

Should I File Bankruptcy Now After Moving to a New State?

You might be better off delaying your bankruptcy filing when you move to a new state. It depends on your old and new states' exemptions.
I transferred property out of my name. Should I wait to file for bankruptcy?

If you recently transferred property out of your name, you might run into a problem if you file for bankruptcy.
Which Should I Do First: File for Bankruptcy or Buy a Car?

Should you buy a car before or after filing for bankruptcy? Learn the pros and cons of each option.

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