Gregory & Clark, PLLC Articles How Bankruptcy Can Stop Creditors From Calling

How Bankruptcy Can Stop Creditors From Calling

By Gregory & Clark  Nov. 2, 2010 10:25a

The phone rings again and you're about to pull the cord out of the wall. Debt collectors call you at home in the early hours of the morning, they call you at night, it seems like they never stop. You wonder how you ever lived without caller ID. You tell the kids not to answer the phone, or for some desperate people, they disconnect their phone line altogether.

Does this sound familiar? If so, you might be a perfect candidate for bankruptcy. Florida has one of the nation's highest unemployment rates at 12.4 percent. Between the poor job market and underwater mortgages, Floridians are finding peace of mind and an end to those harassing phone calls by filing for bankruptcy.

How it Works

When you file for bankruptcy, an "automatic stay" is placed on all debt collection efforts. This means that debt collectors are no longer allowed to contact you and all communications have to go through your attorney. If the debt collectors continue to call you in an attempt to collect a debt, then they would be in violation of bankruptcy laws and could be forced to pay fines and your attorney's fees. An automatic stay not only stops all phone calls and letters but it also halts wage garnishments, tax collections, repossessions, bank levies, liens and foreclosures. An automatic stay gives people the pause they need in order to pay their rent, mortgages, and food and utility costs so they can breathe.

If you are drowning in debt and are looking to stop creditors, an Orlando bankruptcy attorney at Gregory & Clark, PLLC can sit down with you and clearly explain all of your options so you can decide if bankruptcy is the answer you've been looking for. 

Contact an Orlando Bankruptcy Lawyer at our office today for a free case evaluation if you are considering filing for bankruptcy in Orlando or the surrounding areas.

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