Posts Tagged ‘creditors’

What happens when I declare bankruptcy?

Creditors will stop calling you.

The time when answering the phone, checking your mailbox or going to the door could send you into waves of panic is now over. Feeling harassed by people constantly reminding you of late payments? This feeling is quite normal and, most importantly, quite common. You’re not alone. Bankruptcy trustees are available to help you out. Put an end to this stressful situation! In fact, when you declare bankruptcy, creditors are prohibited from contacting you further (even in order to negotiate an agreement with you). When you take control of your financial situation, it will begin to improve, bit by bit.

Here below are some questions you’re likely asking yourself if you’re thinking about bankruptcy:

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