How Should A Creditor Proceed If A Debtor Files Bankruptcy?
When an individual files bankruptcy, the automatic stay protects the debtor from all forms of collections so the first thing to do is cease any collection efforts. When you receive the notice of bankruptcy, you should file a proof of claim form promptly. The notice will indicate the deadline to do so. This form must be filed to preserve your right to share in the distribution from the bankruptcy estate.
Other Creditor Remedies in Bankruptcy FAQs
Collections-Creditors Rights Sub-categories
