Escondido residents who are on the verge of filing for bankruptcy have a number of concerns, including what the filing will do to a credit score, what credit will be available in the future and whether or not filing for bankruptcy will actually put a stop to all of the harassment they have been facing from creditors over debts owed. The good news is that people who are in this type of financial position will likely find that there are more pros than cons when it comes to a personal bankruptcy filing.
For those who take the actual step of filing for personal bankruptcy protection, creditor harassment is supposed to stop immediately upon the action being filed. This means that creditors and credit collectors are prohibited from contacting and harassing a person who has filed for bankruptcy. Any garnishments that were in place will also be stopped.
Putting an end to harassment is one of the main goals of many Escondido residents who end up filing for bankruptcy. Calls from creditors and a mailbox flooded with collection letters can drive people crazy. Filing for bankruptcy can put an end to this harassment and, once the bankruptcy is complete and debts are discharged, there will likely be no reason for creditors to be calling again.
At our law firm, we do our best to help Escondido residents who want to stop harassment by filing for bankruptcy. Doing so can be the first sign of relief that Escondido residents experience in a bankruptcy action. For more information, please visit our law firm's website.