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Common Post-Bankruptcy Discharge Questions in Minneapolis, Minnesota

Written by Amanda Scharber | May 7, 2023 at 10:30 AM

Congratulations! Your bankruptcy discharge has gone through. The discharge in your bankruptcy is the order that tells your creditors you are no longer liable on the dischargeable debts.

You may be wondering what happens next, what debts are discharged, and when you can start rebuilding your credit. Keep reading to find out more. 

After your discharge has been ordered by the Court, at LifeBack Law, you will receive a packet of information about your discharge and the free 90 day credit repair program. The next official step within the courts would be for your case to close, if there were no assets to disburse. Or if you had an asset case, to finish out distribution to creditors, before case closing. You will also want to take advantage of the free credit repair program after the discharge order. 

Generally speaking, your liability on unsecured and secured debt will be discharged during your case. This typically excludes student loans and priority tax debt. Most commonly dischargeable debts will include, medical debt, credit cards, personal loans, pay day loans, and possibly older tax debt (if it qualifies). There are always exceptions to what is and is not included in a bankruptcy discharge, therefore, if you have questions, make sure to speak with an attorney. 

After your discharge has gone through you can start rebuilding your credit immediately. Though, typically it is best to wait 30 days after discharge to pull your credit report and make sure everything has reported the bankruptcy correctly and then start rebuilding. Suggestions on rebuilding your credit after bankruptcy are secured cards and small credit cards you can pay off each month. Utilizing the 90 day free credit repair program can help with rebuilding your credit. 

 

CALL NOW FOR A FREE STRATEGY SESSION FROM A MN BANKRUPTCY LAWYER AT LIFEBACK LAW FIRM 

No matter where you are in Minnesota, if you have any questions about bankruptcy, visit www.lifebacklaw.com to speak with an attorney. You will be glad you did!