After you file Bankruptcy, there are some general things that should be kept in mind. Your attorney can help guide you through the specifics in your case. However, there are a few things that are the same for most everyone.
For one, you are now in Bankruptcy. That seems pretty obvious, but what this means is that the Trustee and the Court are now overseeing everything you have done and may do while you are in the Bankruptcy. This is not something to freak out about, but something to keep in mind.
For example, it is often okay to sell a vehicle even while you are in Bankruptcy. However, while you are in the Bankruptcy you will need to file a motion to approve the sale of the vehicle. Furthermore, the motion must be granted by the Court. If there are objections, those will need to be addressed in various ways such as reply motions. If you need to sell an item, such as a car, talk to your attorney and she can help you through the process. As part of our services we will prepare the motion and supporting documents, file them with the court, and appear at and argue the motion on your behalf.
Also keep in mind that after your file Bankruptcy, in most cases you will receive an automatic stay. This means that creditors must stop collecting from you. This includes automatic payments and sending you your monthly notices. Where this is most important is with loans such as mortgages or car payments. If you are keeping the house/car and you are paying the lender directly (not through a Chapter 13 plan) then you will need to ensure that these payments are made timely. You may need to contact your bank to have automatic payments re-established. This may just mean that for the first month or two of your Bankruptcy you will have to manually submit your payment.
Please keep in mind that this is not an exhaustive list of things to know after you have filed Bankruptcy. Having an attorney help you with the process can be invaluable.
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This website does not, and is not intended to, provide a comprehensive guide to your Bankruptcy or Bankruptcy in general. Furthermore, nothing in this website provides any guarantees, warranties or predictions regarding the outcome of your legal matter. You should consult with an attorney to determine the effects of Bankruptcy in your case. Results are not always typical because each case is different. We are a debt relief agency, we help people file for Bankruptcy under the Bankruptcy code.