Should you tell your creditors you are filing bankruptcy?

already exists.

Would you like to merge this question into it?

already exists as an alternate of this question.

Would you like to make it the primary and merge this question into it?

exists and is an alternate of .

Yes. It will get them to stop calling. Otherwise, the court will let them know when you file.

Speak with an attorney about your specific situation. If you can not find an attorney, contact your local Bar association and they will refer you to one.
Answer:
Part of the bankruptcy process is for you and your lawyer to meet with your creditors and their lawyers. This meeting is typically 30 days after your first file and held by your trustee. During this meeting you will be sworn in under oath and all discussions during the meeting will be recorded. The purpose of the meeting is to discuss the bankruptcy papers filed on your behalf. This meeting doesn't normally take too long and creditors are not necessary required to appear.
After this meeting, your assets are liquidated and your creditors are repaid.

Absolutely never tell anyone, especially a creditor that you plan to filie BK! All this does is make them move faster to secure their debt and position with judgments, or act to reposess whatever they can...BEFORE you file. Yes, when you file, they will stop calling and trying to collect...BECAUSE THAT IS THE LAW..they can't continue doing so.
After you file, creditors will even try to have this "automatic stay" stopped, or if you screw up and have the case dismissed even for a few days technical error, will then pounce on anything they can find.
Sure, a collector is going to stop calling because you said you would file BK.....right...got it. That's all it takes to stop them from calling or trying to collect. tell them your gonna file BK...which means they likely won't get anything once you do. That wouldn't give them anyreason to act faster and be more determined now would it? Really sounds kinda' dumb just saying it doesn't it?
46 people found this useful

If you are filing Chapter 7 bankruptcy which creditors should you pay first?

There are debts that are not dischargeable in BK. Federal and State taxes. Child support and/or alimony. Student loans. Personal injury judgments, etc. A BK discharge does not

How do you find creditors' addresses for filing bankruptcy?

Answer . Check your Credit Report. It has the names, addresses, and phone numbers of each of the creditors used over the past 7 years. Call or go on-line to contact all thr

When should you tell creditors you have retained a lawyer for bankruptcy?

Answer . \nWhen the bankruptcy is filed the BK court will contact all the creditors listed. \n. \nIf the debtor is receiving collection calls he or she should inform the

Creditors calling after i filed bankruptcy?

Tell them you filed. Give them the case number. Give them the number of your attorney. If they continue to call, tell them every time they called that you filed and WRITE

Can a creditor sell your account after filing bankruptcy?

Sure...it doesn't change the rights of the creditor...or your obligations as a dedtor...the buyer probably paid very little and is hoping your BK will pay the debt off at a hi

Is it illegal to not tell creditors that you have filed Bankruptcy?

You don't have a choice. You list all of your creditors and the court notifies them of the filing. If you deliberately omit a creditor from the list you can be charged with a

Do you have to pay back creditors after you file bankruptcy?

Good question. It is important to know what you have to continue doing and what you are discharged of in bankruptcy and also to familiarize yourself with the different types o