3 Things People Don’t Expect After Filing Bankruptcy

By | March 24, 2024

From now on, no creditor can take any legal action against you. They must stop any ongoing lawsuits and are not permitted to contact you via phone or email. Furthermore, they are not allowed to make any negative entries about your credit status.

1. All Debts Are Automatically Included in the Bankruptcy, Even Those That You Want to Continue Paying Afterward.

This process can be completed by signing a Reaffirmation Agreement, but it may take some time. Mortgage and car loan companies may not be very helpful until you sign the agreement.

Money orders are not recommended because they may not be cashed, and there’s no way of knowing if your payment has been received and applied.

2. You Will Receive Many Letters Regarding the Financial Manager Course

Do not take the course from companies that send you letters. They offer a more expensive version of the course. Instead, search for a cheaper alternative.

3. In About Two Weeks, We Will Request Your Paystubs and Bank Statements

We need to verify the figures on your paperwork that are current as of today. Even if you have submitted bank statements and paystubs, they may not reflect the figures as of today. Today’s figures are crucial when filing for bankruptcy.

This article was written by Alla Tenina. Alla is one of the best tax attorneys in Los Angeles California, and the founder of Tenina Law. She has experience in bankruptcies, real estate planning, and complex tax matters. Click here for more information. The information provided on this website does not, and is not intended to, constitute legal advice; instead, all information, content, and materials available on this site are for general informational purposes only. Information on this website may not constitute the most up-to-date legal or other information. This website contains links to other third-party websites. Such links are only for the convenience of the reader, user, or browser; the ABA and its members do not recommend or endorse the contents of the third-party sites.

Category: Law