Call for a free bankruptcy consultation

Louisville |

502-485-9200

New Albany |

812-945-9200
Schwartz Bankruptcy Law Center

Don't make these Chapter 13 bankruptcy mistakes

Filing for Chapter 13 bankruptcy can be a positive action for your financial future. By taking this action, you will have a good chance of being able to gain control of your debts over the next few years, and you will also get relief from creditor action.

However, filing for Chapter 13 bankruptcy is not always a simple and easy road. It is a big commitment, and you may encounter some challenges when embarking on the process. The following are some common bankruptcy mistakes that you should do your best to avoid.

Not thinking about timing

Good timing is key when making any big decision. If you are faced with immediate creditor action such as wage garnishment or foreclosure, you should file as soon as possible. But if you see future debts on the horizon, you may want to wait so that you can also include them in your bankruptcy.

Not informing creditors of your bankruptcy

When you file for bankruptcy, you will benefit from an automatic stay. This means that all creditors and debt collectors will need to stop making contact with you. You may need to inform them of your bankruptcy filing to benefit from this.

Not avoiding further debt

It's necessary to change your spending habits in addition to filing for bankruptcy if you want to see real change. This may require that you create a strict budget to avoid getting into further debt.

If you are struggling with debts that are making you feel stressed and overwhelmed, you should look into the several ways that you can file for bankruptcy.

No Comments

Leave a comment
Comment Information
Make A Payment Email Us For a Response

Need A Solution To Your Debt Problems?

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Make A Payment
Schwartz Bankruptcy Law Center

Office Locations:

Louisville Office
3339 Taylorsville Road
Louisville, KY 40205

Phone: 502-785-8549
Phone: 502-485-9200
Fax: 502-485-9220
Louisville Law Office Map

New Albany Office
501 State Street
New Albany, Indiana 47150

Phone: 502-785-8549
Phone: 812-945-9200
Fax: 502-485-9220
Map & Directions

Phone:

LOUISVILLE |

NEW ALBANY |

Fax: