21 Apr I Want to Pay Back My Debts After Bankruptcy
If you consider paying back some Creditors from your bankruptcy consider this. In general, you are just a business transaction to all but the smallest of lenders and your bankruptcy is overall irrelevant to their financial future.
In addition, paying back Creditors after bankruptcy generally has no positive benefit to your Credit Score.
In fact, paying back debts after bankruptcy or after Creditors write you off, may decrease your credit score.
Focus on paying back current obligations and stabilizing your finances. The emotional response to try and pay back debts after bankruptcy or write-off may put you in a worse position financially and destroy progress you have made keeping-up on current obligations.
Bankruptcy Law Network (BLN)
Latest posts by Bankruptcy Law Network (BLN) (see all)
- New Judge for Southern District of Texas – David R. Jones - August 19, 2011
- Limited Emergency Efforts to Save Homes Continue - June 30, 2011
- Why Run Your Company Into The Ground? - June 6, 2011
- New U.S. Trustee for Texas – Region 7 - October 2, 2010
- Is Chapter 13 An Option For A Small Corporation Or A Limited Liability Corporation (LLC)? - September 29, 2010