Sentences with phrase «stop dealing with your creditors»
By filing bankruptcy you receive immediate protection from creditor actions like harassing phone calls and legal threats and you stop dealing with your creditors.
http://www.bankruptcy-kitchener.com/ Not exact matches
The legal procedure allows you to settle your financial obligation for less than you owe with the help of a gov» t Licensed Insolvency Trustee, by discussing, formulating and implementing a compromise (deal) with your creditors while under court protection preventing them from exercising their normal rights everything stops, including collection action unless specifically exempted, like child support.
Your creditors will stop calling you and deal directly with us, your gov» t Licensed Insolvency Trustee.
The main benefit of filing bankruptcy, as opposed to dealing with your creditors through an informal arrangement, is that all creditors actions stop immediately upon filing.
That means all creditors will have to go through a US Bankruptcy Court trustee in order to deal with their debtors, and in the case of our debtor in the illustration, the stay would have stopped any debt collection activity that might have been keeping him awake at nights.
Not only will filing Chapter 13 stop creditors from contacting you; by making payments to a third - party trustee, you don't have to deal with creditors directly for the duration of your repayment plan.