answersLogoWhite

0


Best Answer

Send a registered letter to the creditors stating name of Attorney and firm, Mailing address, phone number, case #. Without this info, the creditors have no way of knowing what is truth. It is a common line. They need this info for your records and account. Your attorney should have done this and made this clear to you for your peace of mind. You can call with this info as well. Just telling them Chapt. 7 or you have an attorney isn't enough. If after mailing, immediate with call, and you get calls from a collection agency, they are now At Fault. The dc/supervisor knows better; they have all the necessary info now. The dc will fill out an AR form; attorney referral. This is what the info is for. It gets turned in to the floor supervisor, which in turn is delivered by hand to the CA's {collection agency} Attorney. Your Attorney should have already informed the CA. Your phone # should and will be immedialty blocked/removed from the dialer. You may receive a letter stating they now have this info and what your rights are. In terms of the actual creditor, Im not sure. To many laws and states. Talk to your Attorney.

User Avatar

Wiki User

โˆ™ 2011-09-13 10:18:50
This answer is:
๐Ÿ™
0
๐Ÿคจ
0
๐Ÿ˜ฎ
0
User Avatar

Add your answer:

Earn +20 pts
Q: What do you do if creditors are hounding you but you don't have the money and you have already had a chapter seven?
Write your answer...
Submit
Related questions

Money from creditors when you file chapter 13?

go to www.beatlandscreditrepair.com they have a lot of information about bankruptcies.


When a bankruptcy case is dismissed for missed payments what happens to the money already paid into the plans?

If the court has already confirmed the chapter 13 plan then the money already paid is distributed to the creditors. Basically, since the case was not discharged, you still owe the debt, so you made payments towards the debt while in bankruptcy. If the plan was not yet confirmed by the court, the money is returned to the debtor by the trustee save for a small amount for the trustee's expenses (trustee would ask for this in his motion to dismiss). Money would not be distributed to creditors by the trustee until after the proposed chapter 13 plan is confirmed.


Can any of your creditors get your inheritance money if you did a chapter 7?

Only if you didn't read chapters 1-6.


How likely is it that the court will approve the purchase of a new home during a chapter 13 bankruptcy?

It depends on how the home purchase will impact your creditors. If you you payment will be doing up, then you will have less money paid to your creditors under the Chapter 13 plan. On the other hand, you might get approval if the purchase won't lower the amount of money creditors would receive under the plan.


Why creditors would be interested in the balance sheet of a business?

Creditors are interested in balance sheet to check that how much money company has already taken as a loan from other creditors and how much assets are pledged and will company be able to return credit or not.


If your chapter 13 was dismissed how can you find out which creditors were paid off with the money that was paid to the trustee?

After the entry of the dismissal, the Chapter 13 trusee will send you a final accounting of how much was paid to each creditor.


What happens to the money you did pay to chapter 13 trustee and could not keep up payments?

They are considered "lost", you will not get that money back, but your debt to the individual creditors will be reduced by what they had received in 13 BK.


Can you withdraw from a 401K without consequence while in chapter 7 bankruptcy in Washington State?

NO, and you shouldnt. Pension and 401 accounts are out of reach of creditors. If you are to withdraw from your 401, that money would be subject to seizure by the trustee to pay off your creditors.


What if you can't go chapter 7?

File chapter 13. You'll pay a set amount of money to the court each month. It will be divided among your creditors. I think you only pay for four years but that might be wrong.


People you borrow money from are your?

Creditors


What is the difference between Sundry debtors And Sundry Creditors?

Sundry Debtors are from whom we have to take money and to sundry creditors we owe money.


How much money can you save in a savings account without it being taking by the courts while in a Chapter 13?

In a chapter 13, a debtor keeps all his or her property. If you can save while you are in a chapter 13, there is nothing in the bankruptcy law that specifically prohibits you from doing so. There is no limit to what you can save. However, a chapter 13 requires that you repay all or a portion of what you owe creditors through a repayment plan that must be approved by the court. So if you have enough income to save a lot of money, you may not be paying enough into your plan to satisfy the court (and the judge will be influenced by the trustee and creditors as well). In addition, the amount of property (including savings accounts) that you own at the time you file chapter 13 bankutpcy will affect what you are required to repay in your repayment plan. Specifically, there is a requirement that your chapter 13 repayment plan pay creditors at least as much as they would receive if you had filed a chapter 7 liquidation instead. For example, if you already have a substantial savings account at the time you file chapter 13 of $50,000, you would have to repay your creditors over $50,000 (minus any exemption) through your repayment plan. The amount of the exemption depends on state law or the federal exemptions for cash if your state has not "opted out."


What are creditors?

Creditors are people or organizations (companies, councils, tax man etc) to whom you owe money. Bills, people you owe money to


Do you list a landlord on the list of creditors in a bankruptcy?

You do if you owe him money. You must include ALL creditors.


Can you keep your paid off cars when you file a chapter 7 bankruptcy?

If the cars have little value, yes. If they are worth money, no, they will be seized, sold and used to pay off creditors.


Why can a trustee take your income tax return if you are filing a chapter 7 bankruptcy which relieves you of your debt and does the trustee give the money to the creditors?

The trustee may take the refund and distribute it to creditors because a tax refund is not considered an exempted asset under bankruptcy laws.


What is the creditors balance?

money owed by the company


What is the definition of debtors and creditors?

Debtors are people who owe money to creditors. Creditors are people who are owed money by debtors. For example, the bank is a creditor allowing people to take out loans and the people taking out the loans are the debtors.


This people filled for chapter 7 but owe you lots of money?

They are declaring themselves bankrupt - which means they do not have enough money to pay what they owe. You are one of their creditors and should tell the court that you are and what you are owed. Sad to say, it is unlikely that you will get paid anything!


Settlement agreement is already received in writing but creditors wanted wired check for 8000 dollars settlement payment and not check or money order should one agree to this or not?

No-


Can you file chapter 7 with money in a savings account?

No. Only the amout of money needed for everyday living expenses. Once you file, the trustee can seize any cash assets he/she deems necessary to pay down creditors. Get rid of it or the courts will.


What is the money owed to creditors called?

Accounts Payable


Is money in your reverse mortgage acct safe from creditors?

No.


What is the effect of liquidation on creditors?

When a company liquidates, creditors generally receive less money than they owe. Creditors will have to write off the balance, so that their books can balance.


Do trustees always take your stuff in a chapter 7 or does it depend on the creditors who are still wanting stuff?

The trustee if anything, is representing you. He's what you begged the court for in your filings...to provide protection and resolve your problems. Creditors file claims for what is owed. Your "stuff" (and as you actually probably never paid for much of it, and have gotten other "stuff" using the money you had already promised to give t them - I'm not sure calling it "yours" is really appropriate), is used to pay what you were supposed to.