Will I have contact with
creditors during the bankruptcy process?
Not exact matches
During the 15-1/2 - month
bankruptcy process, the city's historic collection at the Detroit Institute of Arts (DIA) came into play as a potential pot of assets to satisfy
creditors.
A
bankruptcy would, at a minimum, tie up your bullion
during a lengthy legal
process, and at worst be used to meet the claims of other
creditors.
In addition, while a
bankruptcy can prevent
creditors from contacting you while the
bankruptcy is in
process, action can be taken
during a
bankruptcy to ensure you keep making your child support payments.
A claim in
bankruptcy must be made by all
creditors wanting to get paid
during the
process.
A claim in
bankruptcy is a formal written assertion by a
creditor of their right to a payment from the debtor
during the
process.
As a legal option under the
Bankruptcy & Insolvency Act you get protection from
creditor actions
during the proposal
process.