When you file for bankruptcy, the United States Bankruptcy Court generates several different types of letters. You may also need to draft some of your own letters once your bankruptcy case is finalized.
Initial Letter
The U.S. Bankruptcy Court will issue letters to all of your creditors ordering them to stop contacting you during the duration of the case.
341 Meeting
A 341 meeting of creditors is when any lender can potentially object to a bankruptcy case, usually if fraud is suspected. Both you and your creditors will receive letters regarding the date of this hearing.
Special Circumstances
If a creditor breaks federal law and contacts you during bankruptcy, you will need to send a letter advising the company or person of your bankruptcy case. If the collection action continues, advise the court so they can send a warning letter.
Discharge
When your case is approved by the court, you and your creditors will receive a discharge letter.
Credit Reporting Issues
Bankruptcy reports on your credit file for 10 years if you pursued Chapter 7, and seven years for Chapter 13. If a credit bureau reports your bankruptcy incorrectly or past the statute of limitations, you will need to write a dispute letter.
Tags: bankruptcy case, your bankruptcy, your creditors, Bankruptcy Court, creditors will, creditors will receive, reports your