Can Bankruptcy Help Me Immediately?
Posted By
Majed on Oct 12, 2011 7:00am PDT
Yes! Once a debtor files a bankruptcy petition he or she is automatically protected under the bankruptcy laws. One of the greatest benefits to filing bankruptcy is the automatic stay.
The automatic stay is a provision in the bankruptcy code that orders creditors to cease any and all collection attempts once they receive notice a debtor has filed bankruptcy.
Once your petition has been filed paper notices will be sent to all creditors.
Further, if a creditor contacts you after you have filed bankruptcy you may verbally tell them that you have filed for bankruptcy.
They know that this means to stop collection attempts.
Bankruptcy can help you immediately in more ways than one. Here in the Northern District of Texas bankruptcy is filed online, which means that your bankruptcy can be filed morning noon or night.
Here at the Fears | Nachawati Law Firm our goal is to provide the best bankruptcy counsel possible.
Call our firm today.