October 18, 2016
Your bankruptcy pleadings are signed and filed with the court. Your creditors have been notified and now it is time to make your monthly mortgage or car payment. We want to let you know that all creditors have their own procedures on how they handle clients who have filed for bankruptcy. Below are some examples, however, it is best to make your payment as you have in the past, and if the payment is not accepted, then you will need to contact the creditor yourself.
If you normally received a monthly bill/statement in the mail, this may be discontinued by the creditor, as technically they are not allowed to contact you. Please be aware of the date the payment is due and if you don’t receive a bill please contact the creditor and ask how the payment can be made. If the creditor is a local bank or credit union, it is best to go there directly to make the payment.
1. Online Payments
If you normally made your monthly payment on line, go ahead and try to make it online. A lot of creditors will have your account shut off from on line payments, therefore, you will have to contact them and inquire as to how you can make the payment. Some creditors will require you to send in a payment to a special address and some will turn your account back on so you can make your payment online. With this being said, it is best to try and make your payment a few days ahead of time, to allow for time if your payment has to be paid through the mail.