When I File for Bankruptcy, Do Letters Go Out to My Creditors?
When you file for bankruptcy, the paperwork you turn in to the court must include all of your outstanding debts and the names and addresses of everyone to whom you owe money. The courts will send out letters notifying your creditors that there is a stay on your debts, but this often takes a couple weeks.
Other People Are Reading
-
List of Creditors
-
When you file for bankruptcy, list all your debts and creditors, along with the proper addresses. The law offices of Allmand and Lee warn that some creditors have special bankruptcy addresses that all bankruptcy correspondence must be sent to; those addresses appear on your credit report.
Letters of Notification
-
After the court has received your bankruptcy application and determined that the documentation is complete and the process can move forward, court employees will send official letters notifying your creditors that you have filed for bankruptcy. These letters can take a couple weeks from your filing date to reach the creditors, however.
-
Notifying Your Creditors
-
Creditors must stop any collection proceedings (including foreclosure) as soon as they find out that you have filed for bankruptcy. As a result, it may be in your best interest to ask your lawyer to call your creditors and notify them that you have filed, and an official letter of notification will be arriving to the address provided within a couple of weeks.
Considerations
-
Allmand and Lee warn that not all of your debts will necessarily appear on a credit report. To have your debts fully discharged under Chapter 7, you must report all your creditors, including landlords, friends and relatives to whom you owe personal loans, and any other informal debt you have outside an official credit report.
-
