Can bankruptcy stop creditor harassment?

On Behalf of | Oct 6, 2020 | personal bankruptcy |

When bills begin piling up, and debtors struggle to make ends meet, it can feel like there is no end to the debt in sight. Things only become more stressful when creditors begin harassing a debtor for payment. The harassment can feel like the worst part of financial debt, but is there any way to stop it?

The average American has $38,000 in debt. Debt is one of the hardest struggles to control for so many people, and creditors do not make it any easier. Thankfully, it is possible to take control of the debt and stop creditors harassing through bankruptcy.

How to put a stop to creditor harassment

If creditors are already harassing you, it is possible to take action to put a stop to it. Debtors can send a letter explaining that they can no longer contact them. If creditors continue their harassment after receiving the letter, it may be possible to file a lawsuit or a report. Bankruptcy can also put a stop to the harassment.

It may not come as a surprise that bankruptcy helps control financial debt, but it also comes with added benefits. Completing an application also prevents creditors from continuing to pursue any further payments. Once you file for bankruptcy, an automatic stay takes effect. The automatic stay prevents anyone from taking action, from phone calls to lawsuits, to collect the debt. The added benefit to filing for bankruptcy is that it also manages or eliminate the debt.

You can put creditors in their place

Overcoming debt is enough of a struggle on its own; there is no need for creditors to make matters any harder. You do not have to let the phone calls and letters continue; if creditors are harassing you, consult with a bankruptcy attorney to put the harassment to an end today.