Will filing for Chapter 7 Bankruptcy stop collection efforts?

Filing for Chapter 7 Bankruptcy in New Hampshire will stop most collection efforts. It is important to note, however, that filing for bankruptcy will not stop all collection efforts. Once you file for bankruptcy, an automatic stay is put in place. This stay prohibits creditors from taking any action to collect a debt. They cannot call you, send you letters, or garnish your wages. Furthermore, even if a lawsuit has been filed against you, or a judgment has been entered, these collection efforts must be stopped by the creditor. While the automatic stay will stop most debt collection efforts, it does not stop all of them. Certain types of debts are still able to be collected after bankruptcy. These include student loans, certain back taxes, and child support. Furthermore, if a creditor obtains a court order, they can still try to collect from you. Lastly, if you reaffirm a debt, the creditor may still be able to collect from you. In conclusion, filing for Chapter 7 Bankruptcy in New Hampshire will stop most collection efforts. It is important, however, to remember that there are still some debts that can still be collected even after bankruptcy. It is important to speak with an attorney to understand your rights and to ensure that all of your debts are being stopped.

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Will filing for Chapter 7 Bankruptcy stop collection efforts?

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