1) Plan ahead -- If you notice you may be heading towards bankruptcy do not wait until a judgment from a creditor has been entered against you.
2) Make a list of your property – Household items, valuables, clothing, jewelry, accounts, land, homes, etc.
3) Keep your 401(k) or ERISA plan -- Cashing out will cause you to now you have a tax liability instead of having an asset that you could have kept in your bankruptcy.
4) Stop using your credit cards at least 90 days prior to filing -- Any credit card purchases within 90 days of filing will not be dischargeable in your bankruptcy.
5) Stop making payments on the debts that will be filed – it is a waste of your financial resources.
6) Make sure not to transfer assets to family members -- Any property transferred to family members before filing bankruptcy will be looked at by the court and may be considered as never having occurred or even worse may be seen as bankruptcy fraud.
7) Stop getting payday loans -- Any payday loan that is taken out within 90 days of filing is not dischargeable in bankruptcy.
8) Request a tax transcript -- If you think you may owe taxes, make sure you request a Federal and State tax transcript as soon as possible. This will allow for you to know if and how much tax you may owe and also will be able to determine if the tax may be dischargeable.
9) Pull all three of your free credit reports at www.annualcreditreport.com
10) File your bankruptcy before getting divorced -- Any debt that is assumed in the divorce decree or separation agreement might not be discharged in bankruptcy plus you must be married to file jointly
Adapted from http://pueblo.craigslist.org/lgs/3905099196.html
If you are being garnished or have payday loans you may need to close your bank account. Again not legal advice just information others have gave me.