As stated in the previous post, it is not uncommon for things to come up after filing bankruptcy that are easy to deal with as long as you don’t ignore that they are happening. Creditors may still try to collect debts, your credit rating may be affected incorrectly, or you may find troubles selling or buying a house if you do not take action after filing to make sure everything is correct with your filing. If a creditor calls or sends you a bill, do not ignore it or worry that the debt was not included in the bankruptcy. Instead, contact the creditor and explain that the debt was discharged and ask what documents they need to stop collection efforts.
Bankruptcy laws in Wisconsin affect how your filing is reported on your credit report. Be sure to keep an eye on it and find out if your debts are noted as being discharged in bankruptcy. Perhaps you don’t like that notation, but it really is better than having a debt listed as unpaid or delinquent in the long run. Don’t let clerical mistakes keep you from rebuilding your credit post bankruptcy.
Another common issue that comes up often occurs when someone who files tries to sell and/or buy a new home. It is true that filing a Chapter 13 bankruptcy in Milwaukee gives you financial relief, and you may be current with your house payments, but if you have a judgments on your record, you may find this process difficult. Any judgments entered before your case gets file stay on your record. The important thing to do is to make sure that you get these judgments satisfied after discharge whether you’ve filed a Chapter 7 or a Chapter 13 bankruptcy. This is an added step to the process, but do not overlook it or wait until there is a looming deadline to take care of it. Any Wisconsin bankruptcy lawyer can help you with this, but be prepared for it to take a little longer for judgments to get satisfied.
As with anything, even after bankruptcy there can be some bumps in the road. Don’t panic, and handle these issues with a level head. These can be very small problems, but if ignored they can turn into more.
