Should I Tell Creditors I’m Going To File Bankruptcy?
If you're considering filing for bankruptcy, you may wonder if and when you should tell your creditors. Here's what you need to know.
Filing for bankruptcy is a big decision that will have a major impact on your finances. If you're considering this option, you may be wondering if and when you should tell your creditors.
Generally speaking, it's a good idea to let your creditors know as soon as possible that you're planning to file for bankruptcy. This way, they can't say that they were unaware of your financial situation and try to collect on debts that will be discharged in bankruptcy.
Of course, every situation is different and you may want to consult with an attorney before making any decisions about whether or not to tell your creditors about your plans to file for bankruptcy.
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