The Top 5 Mistakes People Make When Filing for Bankruptcy

Steven Stamm • March 7, 2025

In 2023, nearly 50% of bankruptcy cases were dismissed due to errors, incomplete filings, or procedural mistakes (U.S. Bankruptcy Court Data).

Filing for bankruptcy in Tennessee can be a lifeline if you’re overwhelmed by credit card debt, medical bills, or foreclosure threats. However, many people make costly mistakes that can delay or even disqualify their case. Some of the most common errors include waiting too long to file, failing to list all debts, transferring assets before filing, and not completing mandatory credit counseling.


The bankruptcy process requires careful planning, and the right legal guidance can help you avoid pitfalls that could jeopardize your case. Whether you qualify for Chapter 7 or Chapter 13 bankruptcy, a knowledgeable Selmer, TN bankruptcy lawyer will ensure that your case is filed correctly and that your assets are protected.


If you’re considering bankruptcy in West Tennessee, don’t go through the process alone. Call McMahan Law Firm at (731) 645-3100 for a free consultation to discuss your options and get back on the path to financial freedom.

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