Pay Back Those Debts After a Bankruptcy Filing

November 30th, 2009 by admin

No one wants to file bankruptcy, but sometimes it’s the best thing. Your finances are a mess, the rent is past due and the car is out of gas – so you do what you need to do. Let’s face it no one would really be proud of filing chapter 7. Some with this dilemma wonder if they can pay back their debts after a bankruptcy filing. Of course you can. In fact, after bankruptcy many people choose to voluntarily pay back their bills. But when you file bankruptcy and get a discharge, your personal liability for repayment ceases forever. What does that mean? Simple, nobody can force you to pay back a discharged debt, but they’re free to accept payment if you offer it. It won’t help your credit report, but it may make you feel better. And for people who think that bankruptcy filing is the worst thing in the world, it makes them realize that it’s nothing more than a way of taking care of yourself and your family until such time as you can take care of everyone else.