Can My Creditors Force Me Into Bankruptcy?

Occasionally, you will hear the term “involuntary bankruptcy” in the news media.  Primarily focused on businesses with tangible assets that can be converted into cash, an involuntary bankruptcy is when three or more creditors file a bankruptcy petition on behalf of a company. The purpose of this is for the creditors to obtain at least some of the money owed by the debtor.  Although lawful, involuntary bankruptcies are very rare and are typically d irected towards businesses, rather than individuals.

Do not allow your creditors to bully you and play on your fears.  Take control of your financial future.  Contact the Fears | Nachawati Law Firm to get a full assessment of your rights and privileges under the Bankruptcy Code.