subject: Are There Rules To Follow In Life After Chapter 13 Bankruptcy? [print this page] Finally, you are ready to get rid of your debt! After your Chapter 13 bankruptcy payment plan has been confirmed, the life you dreamed of is finally a reality. You must, however, follow a few rules to keep your life debt and stress free.
The rules for life after bankrutpcy were simply created to stop you from getting right back into debt, which isn't hard, as you know. Before you can incur any new debt, you must first get the court's permission. To get the court's permission, you must show that you can afford your living expenses plus the payment that you plan to take on and that you truly need the property.
What if you want to get a car during your Chapter 13. In order to get permission, you must prove that you need the car and that you can afford the car payment along with your plan payment. Perhaps your car broke down or was totaled in an accident--whatever the reason, as long as you can prove you need a new one, it shouldn't be a problem to get the court's approval.
The entire point of filing Missouri or Illinois Chapter 13 is that you emerge from your case debt free. The bankruptcy rules are set so that you can avoid the downward path back to debt. If you take on new debt that you can't afford, you could put your case at risk of dismissal. If your case is dismissed, you and your family are right back in the danger zone with debtbut, this time, without the protection of Chapter 13 bankruptcy.
Once you've gotten through the bankruptcy process, having the life you want is easy to grab. You must simply be patient and know that this is a temporary restriction which could result in permanent lifestyle changes that you will benefit from forever.
The chapter 13 rules in Missouri or Illinois are pretty easy to followand even easier with the assistance of an experienced St. Louis, Missouri bankruptcy attorney. Make sure you find an attorney who is willing to help you every step of the way.
