0
Should a person contact their creditors directly if they have not paid their credit card bills in 2 years or should they just file for bankruptcy?
Wiki User
∙ 14y ago
You should contact a bankruptcy or finance attorney and no one else.
Wiki User
∙ 14y ago
Add your answer:
Earn +20 pts
When do you stop paying your creditors once you have retained a bankruptcy attorney?
The debtor should cease payment of creditors when they decide they are going to file for bankruptcy.
Where can you get your bankruptcy discharge paper?
In most cases it will be sent to you by the bankruptcy court. If you need another copy or have not received your discharge papers when you believe you should have then contact the bankruptcy court to obtain them.
How do you get a bankruptcy from 1988 removed from your credit report?
It should have come off no later than 1999/2000. First make sure that it is on your credit report in a place that a lender may see it. Some CRAs send individuals a "complete" report that may not be avail. to creditors or potential creditors. You can also contact the CRAs directly. Experian, Trans-Union and Equifax are the CRAs.
Is your wifes bankruptcy your problem?
Your wife's bankruptcy should not affect you unless you have joint debt. In that case, the creditors can pursue collection efforts against you.
When should a stockholder receive payment if a company declares bankruptcy?
A stockholder should receive payment only after the claims of the creditors have been paid off if that company declares bankruptcy.
Would an estate be liable to pay a claim that was previously included in the deceased bankruptcy?
Bankruptcy is an extremely complex area of law. You should have the situation reviewed by the attorney who is handling the estate. Perhaps you could also contact the attorney who handled the bankruptcy to determine if the process was completed and if you could obtain a list of the creditors who were addressed in that proceeding.
How soon after receiving a settlement from an accident can you file bankruptcy?
This will be considered an asset. You cannot file bankruptcy if you have a number of assets that can be used to pay your creditors. Depending on the amount of the settlement, you should wait years to file bankruptcy.
Should you agree to an automatic stay removal as a debtor?
Almost never....and if you don't understand why...get a lawyer for your bankruptcy...heck your creditors have!
When should one file for bankruptcy?
One should file for bankruptcy when ones amount of debt is so overwhelming and the calls from creditors just won't stop. Basically when your at ones end financially. But one should consult the proper bankruptcy company to discuss all ones options.
When to file bankrupcy?
If your house is being foreclosed on, you need to file a chapter 13, with a plan for paying the secured debt arrears, including the mortgage(s) and have the income left over every month to pay the plan (and the trustee's percentage).
When do you file bankruptcy letter of intent?
You should file a bankruptcy letter of intent as soon as possible so that your creditors will be on notice. This will stop the harassing calls and foreclosure proceedings if you are behind in your mortgage payments.
How can you improve your credit score after your bankruptcy is completed?
First of all, I would wait a few months and request a free copy of your credit bureau (by mail) to make sure your bankruptcy is no longer on your file. Hopefully all your creditors with negative ratings are all gone. If you have any creditors with good ratings, you should continue using them because the established creditor is good for your bureau. If you do not have any good creditors then you should try to apply for one or two creditors and keep them in good standing for at least 2 years before applying for more, if necessary. Personally I think 2 or 3 creditors are maximum you should have.
