What if I want to pay some of my creditors?

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What if I want to pay some of my creditors? | The Golden Law Group | Helping Residents & Businesses Get Financial Stability | (813) 413-8700 | http://BrandonLawyer.com | 808 Oakfield Drive, Ste A, Brandon, Florida 33511 | 9040 Town Center Pkwy, Bradenton, Florida 34202

If the creditor is a secured creditor, which means that they have collateral for the loan, and if you don’t repay the loan they can repossess the collateral, such as a car loan. If you want to keep the collateral, the car in this case, you will need to make payments to that creditor following the bankruptcy. If the creditor is a general unsecured creditor, like a credit card, I usually do not recommend that you try to keep that debt and pay it after the bankruptcy is over with. There is very little benefit to you going forward by trying to repay that debt.

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