Our team of attorneys truly care about you and your family, not just the outcome of your case.
What Happens After You File for Bankruptcy in Port St. Lucie?
Our Port St. Lucie Bankruptcy Attorneys Keep You Informed
At Crary Buchanan, we understand just how overwhelming the bankruptcy process can be. For many individuals, suffering with the burden of debt can be just as much of an emotional struggle just as it is a financial one. Our Port St. Lucie bankruptcy lawyers want to reassure you that you are not alone during this process and you will be backed by a team of qualified, experienced, and skilled legal counselors.
Below, we have provided you with a brief summary of what to expect after filing for bankruptcy. If you have additional concerns, call Crary Buchanan at (888) 899-8161.
What to Expect After Filing for Bankruptcy in Florida
When you filed for bankruptcy, you received an umbrella of protection that has been given to you by the United States Bankruptcy Code. One element of safety involved in the bankruptcy process is referred to as an Automatic Stay.
The Automatic Stay prohibits all collectors and creditors from making any type of collection attempts – effective immediately after filing for bankruptcy protection. In exchange for an automatic stay, however, you also gave up certain freedoms during your case.
Unless you have permission from the Court, you cannot:
- Sell/dispose of any real estate
- Sell/dispose of any motor vehicles
- Sell/dispose/pawn any personal property including household items
- Sell/dispose/pawn any jewelry, firearms, or other hobby equipment
- Take your spouse/parent/child’s name off a financial account
- Take your name off of any financial account
- Use any security deposits
- Close any financial accounts, including bank, retirement or other accounts
- Take out any new loans, including payday, 401(k), title, and student loans
- Use any credit cards or obtain new cards
- Incur any new debt of any kind
- Repay unsecured creditors
- Cash in any stocks or bonds
- Cash in any life insurance policies
If you think you need to do one of the above actions while your case is pending, please contact our office to discuss your options. Reach us by calling (888) 899-8161.
There is life after bankruptcy! Let us help you.
At Crary Buchanan, we want to make this next chapter of your life as easy, straight-forward, and stress-free as possible. We want you to understand your rights – as well as your obligations – during the bankruptcy process so as to avoid any potential future issues or problems.
After filing for bankruptcy, you can still live a normal life and do things like:
- Use your exempt bank accounts for regular use, such as paying bills or household expenses
- Use your exempt vehicles for regular use, including traveling to and from work or school
- Pay with cash and / or debit card for any minor purchases
- Replace an exempt appliance if it stops working
- Go to your doctor, dentist, or hospital
- Take your pets to the veterinarian
- Continue academic studies
- Open new bank or retirement accounts, if necessary
- Spend your exempt income tax refund
- Repay any priority debt like income taxes, back taxes, or child support debts
- Make your mortgage, auto, and other installment payments listed on your Schedule J (budget)
More questions? Contact Crary Buchanan at (888) 899-8161.
We understand if you have questions or concerns as your case moves forward. If you think you may have to take care of something, have a conflict, or need to tend to a financial matter that may conflict with what has been listed above, please contact us before taking any action. The above lists are meant to be exemplary, not exhaustive.
If you have an action not listed here and you’re unsure if it’s allowed while in bankruptcy, please contact our Port St. Lucie law office as soon as possible. If you prefer, fill out our online case consultation form. We would be happy to listen to your needs and determine which legal options best suit your needs.
Call Crary Buchanan today at (888) 899-8161 to learn more.