Dillon LawStop contacting them at once. Don't send anymore statements and don't call them about their debts. The bankruptcy court issues an "automatic stay", which halts any attempts to collect a debt, once the debtor files.  

If you have  secured debt, you can contact the debtor to see if they want to "re affirm" their debt. This means that the debtor indicates that despite the bankruptcy filing, it wants to keep the property. In exchange, the debtor has to continue to pay the debt. If the debtor doesn't want to pay the debt, the debtor can abandon the property. If the property is abandoned, the secured creditor can go retrieve the property but cannot seek any additional funds from the debtor.

 

 

 

 

 

 

 

Monday, October 21, 2019

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Contact Details

Sumner, Iowa Location

209 E. 1st Street, Sumner, IA 50674

Dillon Law PC Summer Location

Volga City, Iowa Location

502 Washington St, Volga City, IA 52077

Dillon Law PC Volga Location

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About Dillon Law P.C.

Dillon Law focuses on providing quick response to client's needs with staff who understand the agricultural climate in which we live. This firm is a general practice firm, including but not limited to Agricultural Law, Criminal Law, Debt Collection, Wills/ Probate and Estate Planning, Tax Preparation, Real Estate, Bankruptcy.

We welcome inquiries via telephone (563) 578-1850 or email info@dillonlawpc.com and do not charge for the initial consultation.

Contact Details

Sumner Location
209 E. 1st Street, Sumner, IA 50674
Volga City Location
502 Washington St, Volga City, IA 52077
Call Us
(563) 578-1850
E-mail
info@dillonlawpc.com