Tip:
Highlight text to annotate it
X
Some debts have to be paid, even during a bankruptcy:
• Debts related to open accounts, such as cell phones you intend to continue using,
generally must be paid; • Debts relating to utilities (such as
electricity or heat) can be included in a bankruptcy, but you may be required to pay
a significant deposit to keep the service active;
• Payments for leased, financed, or rented items which you want to keep, such as a car
or a computer, or the mortgage on your home. As difficult as the conversation may be, discuss
these issues with your Trustee. Your best choice for a financially healthy future may
be to let go of your smart phone, sports car or dream house.