Creditors are harassing me (or us, as the case may be) calling me at home and work, sending threatening letters. What will happen if I file bankruptcy?
As soon as your petition is filed with the court, an “Automatic Stay” goes into effect which prohibits all of your creditors from taking any action to collect a debt. The creditors listed in your Petition, Schedules and Mailing Matrix get a notice from the Court shortly after filing, but the Stay is effective even if the creditor doesn’t know about it! Violations of the Stay by any creditor should be immediately brought to the attention of your attorney. Serious fines can be imposed for willful violations of the Stay.
