The people of Norwalk in Warren County, Iowa enjoy some of the best of what Iowa has to offer by combining a short commute to Des Moines for work and play with a quiet home life in one of the most rapidly growing suburbs in the Metro area. They also have come to depend on Marks Law Firm to provide experienced advice in the complex area of bankruptcy. When they have questions the people of Norwalk choose Marks Law Firm to answer those questions and provide accurate information on the advantages of having a bankruptcy help you start over financially and stop the harassing calls from creditors.
One of the biggest benefits of filing a Chapter 7 or Chapter 13 bankruptcy is that it provides relief from the stress of being in debt and the collection. The constant worrying about losing your residence, your automobile, and other valuable assets can be devastating and overwhelming.
The never-ending calls from creditors are undoubtedly the worst part of struggling to meet your financial obligations. It can feel like harassment regardless of how respectfully the creditor communicates. When you file bankruptcy, an automatic stay is issued. This requires ALL debt collectors to stop any collection efforts, including debt collection calls and letters.
However, you might erroneously still receive calls, letters, and even emails from some creditors after filing for bankruptcy; especially in the first 7-10 days after you file. Usually there’s an explanation: the bankruptcy court’s notice to your creditors simply hasn’t been processed yet. Once you inform these creditors of your filed bankruptcy, the collection should stop by law.
Although rare, there are unscrupulous debt collectors who persist in collections after a filing. This is not common. However, if this does happen and you have retained Marks Law Firm, we will help you handle this by talking directly to the creditor on your behalf and letting them know that the law puts an automatic stay in place. Although creditors are usually aware of this, sometimes a reminder from an attorney is needed to help them comply. This is one of numerous benefits to retaining an experienced attorney to help you through resetting your financial health via bankruptcy.
If you are wondering how to make the creditor calls stop and give yourself peace of mind with an automatic stay, call Marks Law Firm today to schedule a free initial consultation at (515) 276-7211.