Octomom’s Chapter 7 bankruptcy halted for failure to file paperwork

In our law blog post, we mentioned that Octomom Nadya Suleman had filed for bankruptcy. Last week, we learned that her bankruptcy case was thrown out of court. Why? She failed to file all of the paperwork required by the court by last Monday’s deadline.

This case underlines the importance of pulling together your financial documents and meeting deadlines during Chapter 7 bankruptcy. Suleman needed to include more than a dozen financial statements when she filed for bankruptcy, but she failed to do so.

 

Her inaction meant that the court could dismiss the case and release the temporary stay. This is good news for her creditors, who can continue to collect on the debts she owes them.

If you are considering filing for bankruptcy, how can you prevent the same thing from happening to you? First, make sure to understand the bankruptcy court requirements. Second, if the court requests any information from you, be sure to provide it in a timely fashion. Suleman did not filed the correct paperwork, but the court gave her an extension and told her what she needed to provide in order for her bankruptcy case to continue. It was only after she failed to file the paperwork by the extension deadline that the court threw out her case.

Finally, consider hiring a bankruptcy attorney to represent you. Having a knowledgeable advocate on your side can help ensure that you meet all of the deadlines and requirements. Bankruptcy may be complicated, but it does not have to be stressful. By taking the right steps at the right time, you will be able to start down the road to financial freedom.

Source: Orange County Register, “Octomom bankruptcy thrown out of court,” Dough Irving, Lou Ponsi, May 16, 2012.


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