If you are reading this, you are more than likely overwhelmed by debt, like many other Florida residents. Your creditors are most likely contacting you daily, if not more often, and sending you threatening correspondence that you must pay them what you owe — or else. What they count on you not knowing is that you can stop harassment by your creditors.
Even though those in the debt collection industry must adhere to numerous laws and regulations when it comes to dealing with consumers, they still manage to harass and intimidate consumers. They threaten consumers with lawsuits, wage garnishments and liens. Homeowners are told that they will lose their homes to foreclosure, and car owners are threatened with repossession. Some collection agents will even tell you that you could go to jail if you fail to pay.
If these threats and harassment tactics sound familiar to you, it might be time to consider filing for bankruptcy. Whether you file for Chapter 7 (liquidation) or Chapter 13 (reorganization), all collection activities must stop once the petition is filed. It often takes up to four days for creditors to receive official notification of a bankruptcy filing. Therefore, if you receive any calls after filing, you need only tell them that you have filed and direct any further inquiries to your attorney.
Having a Florida attorney to represent you during this process is essential since it can be frustrating and complex. There are numerous deadlines and documentation requirements that must be met before you can receive a discharge. If your bankruptcy is not done correctly, harassment by your creditors could resume.