im filling bankrupcy with my husband. does the creditors should have my lawyer ph #?? should I ignore them?

Question

hi, we are in the proccess of bankrupcy because my husband loss his job, he used to make really good money so we got behind and spent a lot of our sabving paying bills, now everyday i got people from the bank & credit card company calling me i usually dont answer but last time I answer i told the person who call me that we are in the process of filling bankrupcy & we already have a lawyer ,she want his phone # .. i didnt have t with me so she want me to call her back with the info.
should i call back?? They would received the letter from our lawyer saying we are in bankuruput in the next 3 weeks. what happen if i dont give them my lawyer contact INF??
o i feel they waisting they time... what do you think?? can this be used against me on court?

Answer 1

I think you should have hit the "Check Spelling" link. Your question was very difficult to read.

Answer 2

First, I would never reccommend that ANYONE go through bankrupsy.

1) your erasing the problem and not solving it.
2) what they tell you is not the truth. you will still be dealing with the problem for the next 10 yes TEN years. I'm willing to bet you can pay it off faster if you had a budget, and a plan.
3) have you first spoken to a Financial counseler?

Ok here is the skinny.

about 15 years ago I went through a similar problem, and we went through the bankrupsy process. once we went to court, and was cleared of the negative credit. We still got calls from the CC companies, and people we filed on. They were asking if we would "Make private arrangements" to clear the debt. after speaking to a lawyer. we said no.

in the interum the "bankrupsy marker' was on our credit report for the next ten years. not 7 like the lawyer said. if they tell you other wise their lying, and you can give ANY lawyer my contact info if they wish to dispute it.

During the first 5 years of the banksrupsy period virtually no one will touch you for credit. it's like a BLACK LIST against you. "or if they do it is "INSANE" interest rate. and you will just have the same problem again in the next 5 years.

NOW 15 years later we are still having financial problems. and while the bankrupsy is finally off the record. we have not learned how to handle the situation. PLUS the Banksrupsy laws are much more Credit card friendly, and you will now get this black mark, and they can still come after you. they may not take your primary home, or car, but you probably won;t have any money for the next few years as they will hunt you like a pack of wolves after a wounded animal.

While I suggest you speak to atty's over legal matters. in this instance I would STRONGLY suggest finding a person to help you avoid banksrupsy. my suspecion is banksrupsy lawyers are not the best, and have a secondary modivation then proteting your best interest. just a thought.

A credit advocate, or a credit repair specialist, or someone to help you get your finances back on track. They will help handle the creditors so they stop calling, and you will have a MUCH more favorable rating usually within 5 years. by then your hubby will probably have a good job, or enough of one to at least cover the basics.

GL, and God Bless.

Alex6649

Answer 3

By all means, let your attorney do his job. The bankruptcy marker stays on your credit for 10 years -- the reference to 7 years made by that one attorney means that once your bankruptcy is processed, you cannot file bankruptcy again for 7 years. Once you have filed and all of your creditors receive the notice from your attorney, it is against the law for them to contact you personally verbally or in writing -- they are not supposed to even send you bills and statements. If any of your creditors contact you verbally, be sure to document who called you, company, date, and time and provide that information to your attorney. If any of your creditors send you letters or statements, contact your attorney and let him instruct you.

Bankruptcy is tough, but in some situations it is the only answer. I worked all of my life, but unexpectedly became disabled a few years ago. I will never be able to work again. I held off filing bankruptcy for 3 years, hoping to be able to go back to work. During that time, my debt more than tripled due to late fee charges and interest and a lot of the calls I received from my creditors were horrible.

You have enough problems as it is, you don't need to be harassed by those people. And just because you filed bankruptcy and had your debts discharged, you can always pay those debts off in the future should your financial situation improve. Good luck!

Answer 4

If you have given all your banking and creditor information to your lawyer then they will notifing these businesses on you and your husbands behalf remember any assets will be sold to pay off these bills. Meaning you have a car it's gone, a house gone, any toy's gone and other assets are seized when you declare bankruptcy anything of value is taken and sold to pay them off. Why aren't you working and why is he still unemployed?. Really I think you are being irresponsible
should have checked out debt counsellors first or considered getting a loan and paying off your debt and then having one or two debts instead alot of them. Hopefully this will make you and your husband think before you put yourselves in debt.

Do what I do never use credit cards.

Answer 5

Let the lawyer handle this...All your creditors should be getting the letter within the next 3 weeks....they will have all the information that they need then....

Answer 6

Give them the phone number. That's your attorney's job anyway...to field the calls from your creditors. Unless your attorney specifically states they don't want to take calls from the creditors than just give them the number.

Answer 7

yes, once you give them your lawyers phone #, they by law cannot call you any longer.