At what point will a bankruptcy begin to assist a debtor?
Usually, a bankruptcy will protect a debtor upon the filing date of a bankruptcy petition. A petition for bankruptcy is filed when a completed petition is presented along with the required filing fee to the Federal Bankruptcy Court in your area. When your bankruptcy petition is filed, the Federal Bankruptcy Court mails a notice to your creditors to discontinue any type of collection efforts, including harassing phone calls, lawsuits, foreclosure and repossessions.
