Should I Tell Creditors I’m Going To File Bankruptcy?
Filing for bankruptcy can be a difficult and intimidating process, one that can leave many people wondering what their best option is. In particular, the question of whether or not to tell creditors that you are going to file bankruptcy often arises. It is important to understand the pros and cons of both options so that you can make an informed decision about how to proceed.
On the one hand, some experts argue that it is best to inform creditors before filing for bankruptcy as this may give them an incentive to negotiate and settle existing debts with you outside of court. This approach also eliminates any surprise factor when it comes time for filing your paperwork. On the other hand, there are also good reasons why you should wait until after your bankruptcy has been filed in order to protect yourself from aggressive collection tactics or legal action prior to filing.
The Law Offices of Omar Zambrano has already helped thousands of people and businesses in the past to get out of debt and start over.
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