Remove Collection Agencies Remove Debt Recovery Remove Unsecured Creditor
article thumbnail

Your Commercial Debtor Just Went Bankrupt — Can You Still Get The Money You’re Owed?

Debt RR

You most likely learned of the situation when you received an automatic stay from the bankruptcy court, instructing you to cease any attempts to collect debts from this customer, including sending invoices or making phone calls. Put a halt to any collection efforts while marking the account as bankrupt. Consider Recent Orders.

Debtor 49
article thumbnail

3 Things To Do When a Client Files for Bankruptcy

Taurus Collect

Under the law, creditors cannot communicate with the debtor if they have filed for bankruptcy. Instead, you can hire an experienced debt collection agency to discuss how to take the case further. . If that is the case, it becomes impossible for them to pay back all their creditors. No win-No fee debt recovery.