The minute an individual debtor’s bankruptcy petition is filed in the U.S. Bankruptcy Court, all creditor contact MUST stop. This means creditors cannot contact the debtor, sue them or garnish their wages. Filing bankruptcy provides protection from foreclosure, repossession, creditor harassment and garnishment.
Save a Home- Under certain circumstances, filing bankruptcy prevents a mortgage lender from foreclosing on a home. Under Chapter 13, a debtor can reorganize their debt into a manageable repayment plan, including low monthly payments that allow a home to be saved.
-Stop Repossession & Garnishment
The second a bankruptcy is filed, all pending repossession and garnishment activity against the debtor must stop. With limited exemption, bankruptcy’s automatic stay creates a legal bar to all creditor activity. Bank accounts can no longer be seized, wages cannot continue to be garnished and repossession activity must stop.
-Stop Creditor Harassment
The minute a bankruptcy is filed, the debtor has the right to demand that all creditor harassment cease. The automatic stay of bankruptcy, which goes into effect the instant the bankruptcy is filed, makes all forms of debt collection illegal. Until the bankruptcy is dismissed or discharged, the debtor is protected and no creditor is allowed to contact them.
We are the Upper Peninsula Bankruptcy Lawyers: Church and Korhonen, PC. a dedicated team of bankruptcy professionals who live and work in the Upper Peninsula of Michigan.
We understand that life in our current economy is getting more and more difficult for the average person. Some of the roadblocks that prevent financial freedom and stability are rising interest rates, predatory loans, Adjustable Rate Mortgages, unethical and illegal debt collection agencies, rising medical costs and rising unemployment.
We are here to help guide individuals through these roadblocks and when necessary, file a bankruptcy petition to restore financial freedom and stability to our clients.
If debt repayment and bills are too much to handle, bankruptcy offers a fresh start.
Call us today for a free initial consultation. We will analyze each case and provide our insight and experience on the best course of action to take.
The call is free and the information valuable. Don’t wait another day, call now.
Call (906) 226-0001