Filing for bankruptcy doesn’t mean that you can just forget about debts. Instead, you will have to make sure that you are handling the responsibilities that you have in the case. These can vary some based on the chapter you file, but you should make sure you understand what you need to do for your case.
We realize that you just want to find relief from the debts that are making your life miserable. Filing will put the automatic stay into place that you can answer your phone without worrying about a creditor being on the other end. They can’t contact you to collect the debt once you file.
One thing that some individuals don’t realize is that they have to go through credit counseling in order to file. Don’t balk at this. When you do it, you will be able to take a deep look at your finances. This can help you now, but it can also prove useful in the future as you start to piece your finances back together.
You also have to determine what chapter you are going to file. This is important because it directly impacts your finances during the process, as well as your assets. If you file a Chapter 13 bankruptcy, you will have to make payments to the trustee. You will be placed on a payment plan that you must keep up with.
There might be times that are difficult during the bankruptcy. Keep your eye on the finish line. We are here to help you learn about what you will need to do throughout the case.