How to Stop Creditor Harassment after Bankruptcy

How to Stop Creditor Harassment after Bankruptcy

When you file bankruptcy, creditors have to automatically stop phone calls, emails, and letters. This is the best and strongest way to end creditor harassment. Creditors cannot contact you to collect debts after you’ve filed for bankruptcy. Creditor harassment is really stressful. If you are suffering from creditor harassment even after filing for bankruptcy then you need to hire an experienced bankruptcy lawyer. An experienced bankruptcy lawyer will help you, work to stop the creditor harassment and also will discuss all legal rights that you are entitled to.
Experienced bankruptcy lawyer Mr. Brian Linnekens shares a few top tips to stop creditor harassment after filing for bankruptcy –

Explain the creditors you have filed bankruptcy

After filing bankruptcy if any creditor calls, you can tell the creditor that you have filed for bankruptcy. If the creditors know that you filed for bankruptcy, they will stop calling you but few may not. After filing for bankruptcy continued collection activity by creditors is illegal.

Take note after every creditor calls

It is important for all creditors to stop calling, mailing and messaging you after filed bankruptcy. Thus it is in your favor to keep record of every call you receive from the creditors. You can write down their number and what they have to say. This is great evidence for your bankruptcy lawyer to use in court if necessary.

Hire an experienced bankruptcy lawyer

Creditor harassment is a common issue during and after bankruptcy. You do not deserve harassment after filing for bankruptcy. If you are suffering from creditors interfering and harassment, it is most important that you need to hire an experienced and reputed bankruptcy lawyer. An experienced bankruptcy lawyer will help you to stop contacting you.

Drag the creditors into court

If you think creditors calling and harassment has not stopped when you file bankruptcy you can fight against your creditors in the court. You have every right to file a case against your creditors for harassment and emotional suffering they’ve caused. You have the right to protect yourself and the bankruptcy court may punish the creditor for contempt.

Stand up for your legal rights

If your creditors are harassing you and you are suffering from creditors because they will not stop making the phone calls, emails, and letters and you need legal help in stopping creditor harassment, do not wait. You just need to talk to your bankruptcy lawyer. An experienced bankruptcy lawyer will protect your rights and offer guidance on what your next steps should be. Apart from that a lawyer will stop creditor’s harassments and take more aggressive steps.

Article Resource – http://www.brianlinnekens.net/how-to-stop-creditor-harassment-after-bankruptcy/

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Useful tips from Brian Linnekens to protect yourself during Bankruptcy

Bankruptcy

When you are struggling from financial crisis and not able to pay your debts, then filing for bankruptcy is the best solution of your problem. According to Brian Linnekens, It is a serious issue, you need to have a fresh look at it once, before filling and make proper plans in order to get rid of the problem.

Bankruptcy will help us to clear credit cards bills and other unsecured bills excluding student loans and overdue taxes. For such issues the financial plan created as a part of bankruptcy will helps you.

Before filing for bankruptcy you need to understand well which areas they are covering and which are not covered. A bankruptcy attorney will give suggestions that you need to take for your bankruptcy case. Along with his/her suggestion you need to do a few other things proactively.

Create a new bank account

The very first thing you need to do is to open a new bank account. It is essential even if you file for chapter 7 and take automatic stay against collections, some creditor banks and credit unions are legally allowed to take their debts against funds you own.

To protect yourself from these situations you need to open a new account in a bank or any other financial institution from where you had not taken any credits or loans previously. Transfer your direct funds or any other funds that you have in this account.

Stop all automatic payments

Once you decide to file for the bankruptcy the next thing you need to do is to stop your auto debit payments as soon as possible. By doing this you will save yourself from penalties and other fees that is linked with failed transaction. You should use your new account for making payments of car loan, cell phone or other utilities. These small things will help you a lot during bankruptcy.

Cut up your Plastics

The key concept of bankruptcy is to give you the chance to get rid from debt that you can’t pay due to some reasons. Using credit card just prior to filing for bankruptcy is a questionable thing and on this basis a card provider can accuse you for fraudulent activity. So once you decided to file for bankruptcy you should avoid using credit card.

Create a workable budget

You need to create a workable budget so that you are able to repay your debts only then bankruptcy will work for you. According to chapter 13, all the plans for the repayment of debts are set according to the ability of your paying. After some time it is set according to your disposable income.

When you file for the bankruptcy you need to follow certain set of rules and a good attorney will help you in doing this. You need to appear in front of bankruptcy trustee with your attorney for a few questions that you need to answer. A court will issue a Notice of Commencement for the case, which decides the date and time of meeting with the creditors in order to take the clarifications.

During bankruptcy proceedings you need to go through several issues – creditors can make objection on your claim, a trustee may disapprove your case as the required paper work is not complete or even due to late submission.

The case is not over even after your bankruptcy plan is set. You need to make various kinds of communication even after that. When you get mail from your attorney, creditors or trustee; you need read it carefully and respond to it accordingly.

In bankruptcy you need proper guidance and a constant communication with your bankruptcy attorney will protect you during the bankruptcy.

Article Resource – http://www.brianlinnekens.com/2018/04/02/useful-tips-from-brian-linnekens-to-protect-yourself-during-bankruptcy/

Brian Linnekens gives an insight on Different Types of Bankruptcy

Bankruptcy is a legal process that reduces debt and gives you a chance to reorganize your debts. According to Brain Linnekens by filing bankruptcy, you can easily overcome your bad financial situation. You can pay back your debt within 7-10 years with repayment plans. Bankruptcy has several types of chapters but in most cases, people file chapter 7 & 13 because these chapters are effective and easy to file.

When Chapter 7 Bankruptcy can be an option explains Brian Linnekens

Chapter 7 is very helpful for debtors who are not able to pay back their debt. It is very useful in those cases where majority of the debt is unsecured because in chapter 7 bankruptcy some of your property is sold to recover the debt one has incurred from creditors and in return your unsecured debt will be written off. Remember everyone does not file chapter 7 bankruptcy. In cases where the disposable income is enough to file a chapter 13-repayment plan after subtracting certain allowed expenses and monthly payments for certain debts you would not be allowed to use chapter 7 bankruptcy.

Chapter 9 Bankruptcy as explained by Brian Linnekens

Chapter 9 bankruptcy is designed for “municipalities.” The main purpose of chapter 9 is to safeguard a municipality from its creditors while it negotiates its debts. According to chapter 9 bankruptcy a creditor cannot take over the assets of the municipality from the municipality. Only a municipality can file for relief under chapter 9.

Chapter 11 Bankruptcy

Chapter 11 bankruptcy is very complicated and it used for those peoples who are struggling with their business and want to reorganize their finances. It is generally used only by those whose debts exceed chapter 13. In this process debtors continuously work and maintain owner ship of all assets and try to fulfill to pay off creditors. Chapter 11 is more expensive. Before filing chapter 11 you will need to talk to a bankruptcy lawyer like Brian Linnekens who will be able advice you professionally based on his experience and years of learning in the realm of Bankruptcy.

Chapter 12 Bankruptcy

Very few people use chapter 12 bankruptcies. It is specifically for farm owners. According this chapter the debtor maintains ownership of his assets and works out a repayment plan with the creditors. Similar to chapter 13, filing under chapter 12 bankruptcy you can pay back your debt within three to five years.

Chapter 13 Bankruptcy

Chapter 13 bankruptcy is one of the most beneficial options for those people who are struggling with their debts. It is best for those debtors who are behind on secured debts such as home mortgages and car loans. Chapter 13 bankruptcy gives you a chance to keep all your assets and you can stop foreclosure with the repayment plan agreed upon in the Bankruptcy terms and conditions. According to the repayment plan, you can pay back your debt within three to five years. The time of three to five years can be increased by the bankruptcy process if you are not able to pay off your debt within three to five years. Since paying off the debt within a particular time period will depend on your present income. Chapter 13 will help you to reorganize and reduce your debt. It will also gives you a chance to create new plans to pay off your debts and gives you more time to fulfill your financial obligations.

Bankruptcy has provided us many options. If you are thinking of filing bankruptcy then you need to understand the various bankruptcy options and know which one is suitable for you. Before filing bankruptcy, you can talk to a bankruptcy lawyer since bankruptcy law is very complicated and with the help of an attorney you can easily know the difference between the various bankruptcy chapters. Filing for bankruptcy should be the last option. Before filing for bankruptcy you should check for other options like loan modification or loan settlement whichever is possible for you.

 

For more details about Brian Linnekens feel free to visit: http://www.brianlinnekens.com/2017/03/25/brian-linnekens-gives-an-insight-on-different-types-of-bankruptcy/

Important Bankruptcy Questions Answered by Brian Linnekens

Anyone filing for bankruptcy undoubtedly has plenty of questions like what is bankruptcy? How does it work? What can bankruptcy do to anyone’ credit? Who should file for bankruptcy? What happens to debt and property after filing for bankruptcy? We have compiled a list of most frequently asked questions about bankruptcy. Get answers of these most common questions about bankruptcy from one of the popular bankruptcy attorneys of California, Mr. Brian Linnekens.

What is Bankruptcy?

Brian LinnekensThis is the most common question frequently asked to Brian Linnekens in his 10 years of bankruptcy law career. Brian Linnekens defined bankruptcy as a proceeding in which an individual legally declares that he is not able to pay all of the money that he owes. Bankruptcy grants that individual a fresh financial start while providing him an opportunity to potentially repay creditors in an orderly fashion.

What are the advantages of filing for bankruptcy in a court?

Bankruptcy makes is possible for debt collectors to stop foreclosure on bankrupt’s (a person who is declared insolvent) home and property. It provides an opportunity to debt collectors to catch up on payments that have been missed by an individual or bankrupt. Filing for bankruptcy helps a bankrupt prevent his home vehicle or other property from being repossessed. In addition, bankruptcy can prevent a bankrupt from wage garnishment and harassment by debt collectors. It can also provide a bankrupt a discharge of some of his debts.

What is the difference between bankruptcy chapter 7 and Chapter 13?

In bankruptcy Chapter 7, the debtor nonexempt property (if any exists) is liquidated to pay as much as possible to pay the debtor’s debt. On the other hand in Chapter 13 a proportion of the bankrupt’s future income is used to pay as much of the debtor’s debts as is possible under the bankrupt’s  financial circumstances.  This is a basic difference between Bankruptcy Chapter 7 and a Chapter 13. In the case of bankruptcy chapter 7 individual loses his nonexempt assets and receives a discharge from his debts. While in chapter 13, the individual retains his nonexempt possessions, but must pay back as much as feasible for the individual to pay over 3-5 years. Chapter 7 cases are less expensive and take less time than chapter 13. However, Chapter 13 allows an individual who is above the median income or who has a lot of nonexempt assets to keep their assets and receive the protection of bankruptcy.

What is an Automatic Stay?

An automatic stay is a restraint provided by a court after filing for a bankruptcy chapter 7 or chapter 13 to a bankrupt. An automatic stay prevents a bankrupt from his debt collectors to take any subsequent action to collect debts. The automatic stay is filed immediately after the bankruptcy petition is filed.

Will My Employer Know I Filed for Bankruptcy?

Bankruptcy petitions are public records. Normally; however, your employer will not know you have filed an appeal for bankruptcy unless you owe him money and your employer is your creditor.

What filing for bankruptcy won’t do for a bankrupt?

This is the most frequently asked and most important question that every bankrupt should keep in his mind before filing for a bankruptcy in a court. Remember, bankruptcy will not cure all of your financial problems. It should be understood that bankruptcy will not eliminate your secured debts such as mortgages and car loans. Bankruptcy also will not discharge your special treatment debts such as certain student loans, alimony, child support, certain taxes and criminal fines.

Economical tips from Brian Linnekens to help you pile up wealth and also free from debt

Successful financial preparation just isn’t investments, this is the answer to a tension free as well as flourishing existence. Acquiring beneficial financial ideas as well as investing selections link one to your primary goal which help you gather wealth and remain out of debt during your life. Brian Linnekens has put in the past 10 years advising some of the most prosperous as well as well-to-do families in the states. Based on his understanding in addition to experience during the last Decade, Mr. Linnekens gives you his expert suggest that was successful for his consumers. His advice can help you deal with and grow your hard earned dollars. Learn how to build, foster in addition to sustain cash.

Brian Linnekens cautions not be mastered by your desires

The very first and most essential money advice Brian Linnekens provides to accumulate wealth and remain debt free is actually “not to be mastered by your wants”. To reach your goals and live a booming lifestyle first, it is advisable to find out the art of delaying gratification. Stalling your own gratification will encourage you to keep your finances in order. Don’t be in rush to receive all of your current desires. If you’ve got your sight on a thing that you can’t manage to own, delay until you could have enough income to purchase it. Don’t effortlessly purchase an item on your credit card the instant you desire it. Delay the impulse to obtain for the time being and also wait until you’ve truly secured the cash to pay for that merchandise.

Make a good use of your credit cards advices Brian Linnekens

If you would like experience the convenience factor and also advantages of your credit cards, do not come up with a habit of putting all of your purchase on credit cards. Make use of credit cards sensibly as well as sparingly. Make sure all your expenses are not on your own credit card. Limit the use of your own credit card and a have a plan to pay for the balance As quick as possible. Be certain that you’re not really shelling out what you can’t pay off at the end of the month and then try to pay your balance completely once the monthly bill comes. Don’t carry more credit cards that you simply can’t keep an eye on.

Make a plan for your current bills

Budgets play a critical part to help remaining free from debt together with keeping most of your hard-earned cash. Successful cost management makes certain that your current expenses are not going above your income. Track your income movement. Monitor your own obligations for a month utilizing your smart phone, app or perhaps paper and pen and be certain to record each and every purchase, irrespective of how tiny. When you’re familiar with your expenses and also your cash movement, you may realize keeping track of money flow provides a major impact on finances. An efficient cost management will aid you to enjoy the benefit selection on how to allocate funds.

Practice Target personal savings with regard to comfortable retirement and emergencies

Practice target savings are very critical for your current retirement together with emergencies. Your own financial savings could save you within your difficult financial circumstances. Set a maximum target for the savings that you may preserve inside a certain period of time. In case you keep preserving over a long period of time your own cost savings can grow routinely and stay there for you when you need it. In case you have cost savings you don’t need to face poor financial conditions and you’ll generally remain out of debt. Saving a lot of money over time maintain your recurring month to month expenditures as small as possible. Don’t spend your cash, create a prudent utilization of your finances simply by doing budgeting.

Build your financial plan with excellent investments

Investing your finances is definitely critical part of an excellent financial plan that could be employed in times of emergencies and retirement. It will help to make sure that your complete hard – attained bucks don’t go away. The first step in developing your financial plan is to meet a financial advisor who provides you with impartial suggestions about expenditure. You will have to shield your current riches simply by employing a excellent financial advisor such as Brian Linnekens that can guide you choosing the right types of investment funds which fit your needs, personality, in addition to goals.