After you (or your law firm) file your paperwork, you’ll then get yourself a letter with the court clerk notifying you, your creditors, plus your courtroom-appointed trustee that assortment routines on the accounts are suspended. Meaning creditors have to quit hounding you for paymen

For that reason, it always doesn’t consider a lot more than 6 months to acquire a reorganization prepare and obtain it approved by a couple of creditors as well as bankruptcy court docket. According to the prepare’s conditions, nonetheless, it could just take between 3 to ten m