tuesdayman's Gallery

http://www.yourhoustonconsumerattorney.com/

Stop Those Collection Calls!

If you are having difficulty paying your bills, that headache is only compounded by creditors who constantly call for payment. The immediate benefit to filing for bankruptcy is that those calls and letters must stop. Bankruptcy laws prohibit creditors from contacting you to seek payment. This breath of fresh air is what the bankruptcy laws intend to give by offering honest, but unfortunate debtors a fresh start.

The prohibition against contacting debtors in an attempt to collect is thanks to a provision of the Bankruptcy Code called the automatic stay. How it works is that the moment you file bankruptcy, the automatic stay takes effect. The automatic stay automatically stops (or stays) creditors from trying to collect debts. The automatic stay also stops pending litigation against you from proceeding. When a creditor disobeys this provision of bankruptcy law, they face penalties and fines for their violation.
Visit: http://www.yourhoustonconsumerattorney.com/blog/stop-those-collection-calls/ to view the complete article. Law Office of David A. Fernandez, P.C. 2190 N. Loop West Suite 102 Houston, Texas 77018 Phone: 713-893-3244 Fax: 713-422-2399