The book says:

“Bills’ bankruptcy documents showed that his monthly income exceeded expenses by $500.  As a result, the United States Trustee charged that his Chapter 7 case needed to be dismissed because he could repay a significant amount of his debts.  Bill then discovered that he’d underestimated some of his expenses and that actually he was barely making ends meet.  Uh-oh!  Although Bill amended his schedules, the court was skeptical because it looked like Bill had cooked up these additional expenses just to avoid having his case dismissed.”

As you can see, mistakes can be made, and they can be costly.  It would have served Bill well to hire a bankruptcy attorney that deals with these situations on a daily basis.  Bankruptcy is a great tool for people to get a second chance with their financial life, so make sure you are doing the right thing by having a bankruptcy attorney on your side.

Additionally, another lesson can be learned from this too.  Once you pick a bankruptcy attorney, make sure that you tell them everything about your financial life.  You can’t afford to hold back or sugar coat anything.  You must be honest and open about every detail.  This will allow the attorney to decide what the right choice for your situation is.

At any rate, if you are considering bankruptcy, take the time to contact a bankruptcy attorney.  There isn’t any obligation, and it could save you a lot of money and headaches.  You don’t want to make the same mistakes Bill did.