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When you find yourself in the midst of many harassing phone calls from debt collectors, you may be compelled to file bankruptcy and be done with it. Once you start the bankruptcy procedure with a bankruptcy attorney, you realize that you have more questions than resolutions to your problems. Some of those questions are very different, and not commonly asked. They may reflect the interests of only a small few who are going through the same process as you are. Searching the Internet yields no answers, as the following questions reflect.
Can I Stop the Bankruptcy Process Once I Have Already Started It?
Unfortunately, once you hire an attorney and the attorney is filing all of the paper work and setting court dates for you, you cannot stop it. You might be able to slow it down a bit by not providing everything your lawyer requests of you or failing to sign the papers he or she has asked you to sign. Once you get past this stage, and your legal representative has a court date for you, you have to comply with any further requirements to finish the proceedings and finish it.
Does Debt Counselling Slow Down or Stop the Harassing Phone Calls?
It might. Whenever a debt collector or lender calls seeking payment, you can refer them to your debt counselor or bankruptcy trustee. If you have already hired an attorney and are in the first stages of filing for bankruptcy, then you would refer the collection agent to your lawyer. In most cases, any one of these three will take your debt-related calls and redirect them away from you. However, some debt collection agencies and lenders will still continue to call you. It just depends who you are dealing with.
If I Make Amends and Pay My Debts, Do I Need to Continue with Debt Counselling?
If your debts are paid in full, no, you do not have to continue with counselling. However, it might be in your best interests to continue because the counselor can help you figure out how you got to this point in the first place. He or she can also help you create a budget you can stick to and a plan of action in case you should find yourself in this precarious position again in the near or distant future. It is sound advice and worth taking if you have already paid for it. Click here for more information.
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