Creditors in Tennessee can resort to bullying tactics in trying to collect on a debt that you owe once you fall behind on your bills. We at Jimmy E. McElroy & Associates understand the fear that clenches in your stomach when you hear the phone ring and know that it is another debt collector calling to harass you, as well as the paralyzing anxiety that prevents you from going to the mailbox only to find more letters and notices demanding that you pay money that you do not have.
Filing for bankruptcy can help you to alleviate these fears, enabling to go to your mailbox and answer your phone with confidence once again. The longer you go without paying bills, the more persistent the harassment can become. In addition to threatening letters and phone calls at all hours, creditors may contact your employer or family members and even come directly to your house. However, once you file for bankruptcy, it is illegal for creditors to engage in these activities or to continue debt collection attempts at all.
As an individual, depending on your income and debt level, you will probably be eligible to file either Chapter 13 or Chapter 7 bankruptcy. In either case, an automatic stay goes into effect when once you successfully file. From that moment on, all debt collection activities must cease, which means no more harassing phone calls or threatening letters.
If you are deep in debt, filing for bankruptcy can help you regain your peace of mind and financial freedom. More information about stopping creditor harassment through bankruptcy is available on our website.