If I go bankrupt, how long before my creditors stop calling me?

Blaire MacNeil, Licensed Insolvency Trustee Sydney, Nova Scotia

Filing for bankruptcy creates a “Stay of Proceedings,” which prohibits creditors from taking any collection activity, including phone calls. This “Stay of Proceedings” is sent to all your creditors when you sign your bankruptcy papers.

In our experience, most creditors respect the bankruptcy process and stop calling. But, if you find otherwise, let your Trustee know and they can call the creditor, explain the process to them, and get the calls stopped.

We are pleased to offer a free consultation to discuss your options, what bankruptcy would mean for you and to help you make a fresh start! Grant Thornton Limited provides advice and solutions to individuals and businesses experiencing financial difficulty.

For answers to frequently asked questions about bankruptcy, visit our website.

For a free, no obligation consultation, in person or by phone, contact one of our offices:

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