QUESTION
What will be the next step after discharge of chapter 7?
Asked on Jan 29th, 2017 on Bankruptcy - California
7 ANSWERS
Bankruptcy Attorney serving Madison, WI
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Richard B. Jacobson & Associates, LLC
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The answer depends upon the needs of the chapter 7 debtor. Is your goal to improve your credit score quickly, there are many things you can do which the most important is to pay all your new bills on time, and use any new credit very sparingly. To purse other goals you should really consult your lawyer.
Answered on Apr 04th, 2017 at 9:01 AM
Start rebuilding your credit! Live on a budget!!
Answered on Apr 04th, 2017 at 9:00 AM
The trustee will administer any assets obtained, and to do so, will contact the creditors to urge them to file claims. If no assets were acquired by the trustee, the case will be closed in fairly short order.
Answered on Apr 04th, 2017 at 9:00 AM
Rebuild your credit but yes you are now free from your prior debt.
Answered on Apr 04th, 2017 at 8:59 AM
Commercial & Bankruptcy Law Attorney serving Powell, OH
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Ronald K. Nims
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After discharge, if there are no outstanding issues in the case; the court will close the case.
Answered on Apr 04th, 2017 at 8:59 AM
Bankruptcy Attorney serving Alpena, MI
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Carl C. Silver Attorney at Law
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Move forward with your life.
Answered on Apr 04th, 2017 at 8:58 AM
That's the end of the case. There are no next steps.
Answered on Apr 04th, 2017 at 8:58 AM