Your obligations to creditors after you have declared bankruptcy will depend on the specifics of your case. In many Chapter 7 cases, payments for unsecured debts, such as medical expenses and credit cards, are usually stopped, but payments on household expenses and secured debts, such as car loans, are not. A Dallas bankruptcy attorney can help you determine what will need to be paid.
Because bankruptcy court will discharge unsecured debts, you will not face consequences from the creditors for any nonpayment before the discharge. Furthermore, once you have declared bankruptcy, creditors will be barred from reporting negative information on your credit report. They will be allowed to report only that your debt was included in Chapter 7 bankruptcy.
You still will be responsible for paying child support, if applicable, and household expenses, such as:
- rent;
- utilities;
- cell phone;
- cable TV; and
- Internet service.
If you neglect to pay these bills, discuss your legal options with your attorney. Any bills that you incur after your Chapter 7 filing will not be included in the bankruptcy case.
If there are any secured debts, such as your mortgage and car loan, that you intend to keep, then you will need to pay those debts. If you do not make those payments, your property could be repossessed once your bankruptcy case is closed. It is best to go over a list of all creditors with your attorney, who can point out which ones you will be obligated to pay when bankruptcy concludes.
Contacting a Dallas Bankruptcy Attorney
At Warren & Migliaccio, our goal is to protect you and your family so that you can take the necessary steps to plan proactively for your future. When financial circumstances outside of your control threaten your wellbeing, take control of your situation by contacting ourDallas law firm. We’ll explain bankruptcy rules of procedure and guide you through the legal process so you can make informed decisions and choose the best course of action. If a personalized, teamwork-driven approach sounds like what you need for your case, call 1-888-584-9614 today to contact us. We’re here to help.