Legal Question in Bankruptcy in Florida
Payments?
Once an individual declares bankruptcy, and files the forms officially through the court, does that stop all creditors from continuing to add late fees and finance charges? Also, once bankruptcy is delclared, should one discontinue making any further payments to creditors? Obviously that is the point, but I would appreciate advice just in case. Thank you.
2 Answers from Attorneys
Re: Payments?
Yes, all payments should cease excepting for certain items you expect to retain such as your home and vehicle. I urge to consult with a competent atty ...at your first opportunity.
Re: Payments?
Once an individual declares bankruptcy, and files the forms officially through the court, does that stop all creditors from continuing to add late fees and finance charges? Yes it discharges such charges. once bankruptcy is delclared, should one discontinue making any further payments to creditors. Yes but if you wish to keep your house and car you must continue making payments like such. For a total review you should sit down with an attorney.
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