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Is it possible for me to keep paying part of my bills after declaring bankruptcy?
June 28, 2022
By Diane Drain Attorney & Retired Law Professor
Yes, after filing bankruptcy, you can pay off as many debts as you want or need to. Obviously, you must continue to pay the lender if you want to keep your home and automobile. You must also settle the debts for which you have entered into a Reaffirmation Agreement. (For more on reaffirmation agreements, see the section above.)
After bankruptcy, don’t take on any new credit for at least a year.
I advise you to avoid making any payments unless they are absolutely necessary. Once they were relieved of the responsibility to pay the high interest rates on their credit cards and other unsecured debts, my clients tell me they had more money than they ever imagined.
By Diane Drain|Published On: June 28th, 2022|Last Updated: July 28th, 2022|
Diane is a well respected Arizona bankruptcy and foreclosure attorney. As a retired law professor, she believes in offering everyone, not just her clients, advice about bankruptcy and Arizona foreclosure laws. Diane is also a mentor to hundreds of Arizona attorneys.
*Important Note from Diane: Everything on this web site is offered for educational purposes only and not intended to provide legal advice, nor create an attorney client relationship between you, me, or the author of any article. Information in this web site should not be used as a substitute for competent legal advice from an attorney familiar with your personal circumstances and licensed to practice law in your state. Make sure to check out their reviews.*
5 / 5
“You folks are the BEST OF THE BEST in Arizona.” M.H.
You and Jay are the best attorneys I have ever had or needed and thank God for the Honorable Robert Gottsfield in recommending you folks – I would have never made it through the entire process without you and Jay and God Bless you both always and stay in touch as well. You folks are the BEST OF THE BEST in Arizona.
5 / 5
“My only regret is that I didn’t find Diane sooner.” K.H.
I can’t say enough good things about Diane. The way she handled my not typical circumstances was amazing. I was very nervous to start the bankruptcy process but Diane just has a very comforting way of explaining the whole process. My only regret is that I didn’t find Diane sooner. If you find yourself in a financial situation that you can’t correct on your own, please Call Diane Drain as soon as possible.
5 / 5
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Filing for bankruptcy can be a stressful life event, and selecting the right attorney can add to this stress. Diane and Jay were a pleasure to work with, and it is obvious that they are passionate about helping people get their life back on track. I would highly recommend them if you need a bankruptcy attorney.