You must list all of your debts - When you file for bankruptcy, you must list all of your debts. It makes no difference whether it is current or not. It must be enumerated. Do not deliberately abandon creditors. It is illegal and can have negative consequences.
You must enumerate all properties and assets; however, the majority of your assets are exempt from seizure by the court during the bankruptcy process. However, they cannot be protected if they are not listed. Ensure that you list all of your assets and properties. It is illegal to refuse.
Continue making payments on all secured property you wish to keep - You must continue making payments on all secured property you wish to keep, such as a house, vehicle, or furniture.
Everyone attempting to collect a debt from you must cease - The instant you file your petition, creditors are prohibited from contacting you in an attempt to collect a debt. If a debt is discharged, the creditor cannot contact you again.
There are numerous factors you must understand before filing for bankruptcy. Perform research to ensure that you comprehend the procedure before moving forward. A chapter 13 case may be dismissed at any time, whereas a chapter 7 case requires court approval to be dismissed. Therefore, prior to engaging in an activity, ensure that you have a thorough understanding of the situation.""
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