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Lexis Nexis: Top 10 Mistakes to Avoid Under the New BK Law

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    Lexis Nexis: Top 10 Mistakes to Avoid Under the New BK Law

    1. Failing to receive credit counseling briefing before filing2. Failing to investigate prior bankruptcy filings3. Failing to ensure that the debtor take a financial education course4. Failing to check residency for past 2 or 2.5 years5. Failing to obtain tax transcript or returns7. Failing to determine when debtor acquired home (or made extraordinary payments
    toward home or improvements) if homestead cap is applicable
    8. Failing to provide bank statement and proof of current income at
    section 341 meeting
    10. Failing to determine whether debt relief agency provisions must be followed
    *** THIS IS NOT LEGAL ADVICE--ONLY A LAWYER CAN PROVIDE THAT. ***

    My posts represent hours of research on and off the web, these forums, my experience, and my opinions.

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