November 22nd, 2011 by Questions
would stop the creditors from chasing me away if I claim buncraptcy?
Posted from: Manitoba
November 22, 2011 at 7:25 pm, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:
Yes, when you file for bankruptcy there is immediately a Stay of Proceedings that is put in place. This is legal protection from your unsecured creditors and it removes their right to collect on the debt (i.e. they can’t call, sue, garnish or even charge interest). This is effected the day you file for bankruptcy.
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