10 Things to Do After You File Bankruptcy
Steve Rhode and Damon Day walk through 10 steps to take after you file bankruptcy, from shame and credit reports to budgeting and restarting retirement savings.
reaffirmation
A Creditor Won’t Stop Collecting After My Bankruptcy Discharge. Here’s What to Do Right Now.
A creditor still billing or calling after your bankruptcy discharge? Learn your rights under 11 U.S.C. 524, how to reopen your case for free, and stop it.
Reaffirmed Mortgage in Bankruptcy: What It Means
Quick Answer: A reaffirmed mortgage in bankruptcy means the debtor agreed to continue paying the loan outside of bankruptcy, but it was still technically included in the Chapter 7 filing. Credit bureaus accurately report these mortgages as “included in bankruptcy” even when reaffirmed, and this notation falls off around the bankruptcy filing anniversary.“Dear Steve,My house …
I Paying Debt Discharged in My Bankruptcy. Will My Creditors Update My Credit Report? – Joanne
“Dear Lewis,Filed Ch 7, received discharge a few months ago. Stated my intent to keep my house/car but found out everything was discharged. In the meantime, I am faithfully paying some dischargees (mortgage, car loan, dental loan, etc.).Just wondering if you got my question a few days ago, re: how to get Ch 7 dischargees …
Ashley Furniture Repo: When It Helps to Fight Back
Quick Answer: After bankruptcy discharge, Ashley Furniture cannot force payment but may still repossess items if they hold a security interest. The $900 demand from Global Collection may violate discharge protections, and repossession requires expensive legal action since they cannot forcibly enter the home.“Dear Lewis,Filed Bk and discharged in 6/2011. I received a call from …
Reaffirmed Mortgage After Bankruptcy: Myth vs Reality
Quick Answer: Reaffirming a mortgage during bankruptcy creates personal liability that survives the discharge, meaning lenders can pursue borrowers personally beyond just foreclosure. Pamela should verify with her bankruptcy attorney whether the second mortgage reaffirmation was actually approved and docketed by the judge.“Dear Lewis,My bankruptcy was discharged two years ago. My first mortage was included …
Bankruptcy and Car Loans: When It Helps, Hurts
Quick Answer: Filing bankruptcy can help with car loans by eliminating other debts, but may temporarily disrupt payment processing as lenders restrict online access. The filer should discuss loan reaffirmation with their bankruptcy attorney to ensure they can keep the vehicle and maintain proper payment arrangements with Toyota Financial.“Dear Steve,I’ve just filed bankruptcy and will …
