The reason most debtors hire a bankruptcy attorney is because they simply cannot keep up with their debts due to mistakes they have made in the past, unemployment or unexpected circumstances. For most people considering bankruptcy, they are delinquent by several months on their debts. However, with that said, there are several other people who have insisted on making their minimum payments up until the very last second of filing for bankruptcy. For most people, the concept of not paying on your bills and obligations is foreign and doesn’t feel quite right. However if you are somebody who needs a fresh start this is the best way to go about things while planning on filing either a chapter 7 bankruptcy or chapter 13 bankruptcy.
After the bankruptcy filing, many debtors want to know, which debts they should continue to pay, whether they can keep their credit cards, and which debts they should not continue to pay. The answer is that while you are under no obligation to pay back your unsecured debts (credit cards, medical bills, etc.) you may pay these creditors if you like, but it probably doesn’t make a whole lot of sense. It may make sense if you want to repay a friend or family doctor in order to remain on good terms, but for these people, they will usually just make you pay cash in advance the next time that you want to see them.
The debts that you should continue to repay after your bankruptcy filing include car and home payments for property that you want to keep, as well as payments on debts that are not discharge able in bankruptcy. These debts may include but are not limited to recent taxes, student loans, and debts from intentional acts or criminal activity.
If you need to know whether you should pay your debs post bankruptcy filing please contact Symmes Law Group at 206-682-7975