What to Do During
Chapter 13 Bankruptcy

                                                                                                                                                 Admin • May 11, 2017

A man seated at a table, and a woman holding a baby with various papers, engaged in a discussion about their debt.

If you have filed Chapter 13 bankruptcy, the court will mediate a debt “reorganization” and set payment plans over three to five years. As the debtor, your first priority is to repay your creditors. Then, you need to focus on rebuilding your credit.

Frugal Lifestyle


Some debtors file bankruptcy because they are unable to control their spending, others file because of large expenses. While living in bankruptcy, it’s important to keep a no-frills lifestyle. Set and keep to a budget that prioritizes payments first.


Pay Bills on Time


You must follow the court-ordered payment plans, so make all payments on time. Keep your paperwork handy so you can refer to the payment schedule.


Restore Savings and Credit


As much as possible, try to save money to rebuild your savings and emergency accounts. Next, it’s important to start rebuilding credit. Once you feel you’ve mastered your new budget and payment schedule, come talk to Brace W. Luquire about filing a motion with the court to open a new credit card.


Throughout bankruptcy, for your own sanity, keep track of your debts and credit reports so you won’t be caught by surprise. If you have any questions during your bankruptcy, call Brace W. Luquire at 706-322-8557.

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