If you are deciding whether to file for bankruptcy or not, it’s probably best to continue making your payments if at all possible. There is a certain percentage of bankruptcy filers that decide either are not to file or delay their bankruptcy filing. What seems like a certain course of action today may not seem like such an immediate need two weeks from now. Now, if the Bankruptcy really is in your immediate future and you’ve made the decision, you should consult a professional about stopping making those payments. This would be the appropriate time to stop making your payments. Until you are completely sure about your decision to file Chapter 7 bankruptcy, your decision about whether to stop paying credit cards should not be an easy choice.
Here are few more of the don’t do’s when filing bankruptcy. Never pay a relative or friend significant amounts of money more than about $400 or otherwise transfer any assets out of your name within the year prior to filing bankruptcy. Don’t pay any and secured creditor more than $600 in the 90 days before filing Chapter 7 bankruptcy. Don’t incur more debt once you have seriously considered bankruptcy as an option. Don’t charge on any credit card for 90 days before filing for bankruptcy. Don’t file if you are intending to sell your real estate soon. If you’re honest and follow some of these rules, you should have no problem getting your bankruptcy filing through. When this whole thing is discharged you can get your life back on track.
