CassieNet News :: Mortgage Know-How :: RE: protect my co-signers while filing bankruptcy

Mortgage Know-How :: RE: protect my co-signers while filing bankruptcy

Author: Samantha
Posted: Mon Nov 14, 2005 2:49 pm (GMT -8)
Topic Replies: 4

Hi Roger_Mary,

The creditor must stop calling for collection purpose immediately after it becomes aware of a filing for bankruptcy.

After a petition for bankruptcy is filed, the court issues notice to all the creditors listed in your bankruptcy schedules which may take a couple of weeks.

Creditors will also stop calling you if you get them informed that you have filed a bankruptcy petition and give them the case number.

If even after getting information, the creditors continue to force collection tactics then they are liable for court sanctions and attorney fees for this contact.

Hope this information will help you. You may have some more detail on bankruptcy here.

God bless you.

For MortgageFit,
Samantha
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For the full story see:
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