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Questions Answered by Christian Robert Panagakos
3 Answers | Asked in Bankruptcy for Florida on
Q: When filing bankruptcy, do you stop making credit card payments after finalizing of branruptcy or when you file?

Me and my husband are filing for Chapter 7 bankruptcy due to unforeseen medical and house repairs bills. We've never been late or missed a payment but are struggling to survive and make the payment. Do we continue to make credit card payments until the bankruptcy is finalized or do we stop... Read more »

Christian Robert Panagakos
Christian Robert Panagakos answered on Nov 1, 2017

There are pros and cons to continuing to make credit card payments leading up to a bankruptcy. On the pro side, since you are current on all cards, your credit score will likely not drop as much as it would if you go into default status on the cards for a few months. On the con side, you are... Read more »

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1 Answer | Asked in Bankruptcy for Florida on
Q: Chapter 20 bankruptcy an option?

In 2015, I received a discharge on a Chapter 7 bankruptcy that I filed pro se and due to medical bills from a heavy traffic accident. After, I started treatment for multiple mental illnesses. With many changes of medication, which took months to adjust to, I was unable to hold a job long-term. I... Read more »

Christian Robert Panagakos
Christian Robert Panagakos answered on Jun 30, 2017

A subsequent Chapter 13 filing (hence your "Chapter 20") could allow you to pay off the unsecured debt you incurred after the time that you filed your Chapter 7 petition over as much as 60 months at 0% interest (but trustee fees). A Chapter 13 discharge will not be available to you... Read more »

2 Answers | Asked in Bankruptcy for Florida on
Q: I elected for a motion to redeem my auto. Can i still trade in the car since I won't owe on it either way?

I am thinking about just getting a new car instead of trying to salvage and fight for this one. There are too many repairs that need to be done on top of whatever amount is decided as the lump sum payout. Am I legally allowed to trade in the car to help get into a new one? Won't the new car... Read more »

Christian Robert Panagakos
Christian Robert Panagakos answered on Jan 16, 2017

You would be better off surrendering your vehicle. By trading in your car, you will be inheriting the remaining secured debt on the loan in the new loan you take out on the new car.

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2 Answers | Asked in Bankruptcy for Florida on
Q: I filed a Chapter 7 in 11/16 and have completed the Creditors Meeting. Can I move out of state prior to Discharge?
Christian Robert Panagakos
Christian Robert Panagakos answered on Jan 16, 2017

Yes, you can move out of state. However, until you obtain your discharge order, a creditor or the trustee could still file a contested motion or request your deposition, which could require you to appear in the local jurisdiction where you filed.

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