After consulting with a Bankruptcy Attorney in Fort Worth and exploring all the options, it’s obvious that filing for a Chapter 13 bankruptcy is the most practical solution. Along with helping the client understand the court’s expectations during the bankruptcy period, the attorney is likely to recommend registering with the National Data Center. Here are some of the reasons why using this resource will be helpful for the debtor.
Keeping Track of the Most Current Disbursements
One of the perks of registering with the NDC is that the debtor has the chance to confirm when payments submitted to the bankruptcy trustee are received and credited to the account. There’s also the ability to see when the court disburses funds to one or more of the creditors. Thanks to the detail found on the site, it’s possible to keep track of how much has been paid to what creditor, how much the trustee has retained in the form of fees, and even the balance remaining to be disbursed.
People who have found it necessary to file for Chapter 13 bankruptcies have often dealt with credit card and other balances that never seem to decrease. Being able to log in and watch as those disbursements decrease the amount owed can be an empowering event. For the first time in a long time, progress toward being debt-free is taking place. That makes living on the tight budget required by the court a little easier to manage.
Easy Access to Trustee Notifications
The NDC dashboard allows debtors to see the latest notifications from bankruptcy trustees. In many cases, those notifications will be acknowledgment of recent payments, but they can also include updates such as the changing of a trustee or other information the court wants the debtor to have handy.
There are other reasons why the Bankruptcy Attorney in Fort Worth recommends utilizing this helpful resource. Visit Davidskohmattorney.com and learn more about how to make the most of all the tools designed to help people successfully complete a Chapter 13 bankruptcy. While things will be tough for awhile, being able to track the progress and know the day is coming when the obligation to the court is fulfilled, the debtor will find it easier to stick with the plan and prepare for a more secure financial future.