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Bankruptcy Decreasing Moving Expenses

Bankruptcy expenses
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As a bankruptcy lawyer, I continue to remind my clients that decreasing their expenses and spending is important.  One significant expense can be moving expenses.  After filing bankruptcy, you have a fresh start.  However, you must continue to look at your future spending to stay on track.   

Here is an example of a Bankruptcy debtor’s decision on moving expenses:

Background:

  • Recently my relatives were moving out of state
  • They could not afford to live in NJ.
  • They filed for bankruptcy and were on their way to a fresh start and getting back on track   Bankruptcy Get Back on Track
  • Most of their personal belongings were packed and moved in a van on their trips to their new location.
  • They decided to pay a moving company to take some of the larger items.
  • I asked what they considered to be larger items? 
  • Response:   a flat screen TV approximately 42”, pot/pans, vacuum cleaner, area rugs, small desk, larger pictures, large Christmas tree and decorations, outdoor picnic table.   All items were over 10 years old.
  • The cost to move these items was approximately $2,100.

Recommendation:

  • After filing bankruptcy, review your movings expenses ahead of time.   Think about leaving these items behind and purchasing new.   You probably could buy brand new of all these items and spend less.
  • Go on-line and sell these items through social media, Facebook local sales are great and free  https://www.facebook.com/marketplace/learn-more/selling/.

Bankruptcy is a great way to get a fresh start.   However, you need to take a fresh look at all your future financial decisions.

I care about my clients’ future financial successes; call me for a free consult:   https://njbankruptcylawfirms.com/contact-us/ .