• In Bankruptcy, When a Petition is Filed, an ‘Automatic Stay' Prohibits Creditors from Taking any Further Action to Collect on Their Debts
• Chapter 7 Bankruptcy
• Chapter 11 Bankruptcy
• Chapter 12 Bankruptcy
• Chapter 13 Bankruptcy
• IMPORTANCE TO YOU - Bankruptcy is an expensive and time-consuming 'pain in the rear end' for all the stakeholders. Debtors can offend too. Creditors can be jerks too. A workout modification is generally much better. An accelerated default can be a death knell. Feel the burden of the debtor. Build a bridge with your creditor or fall off the bankruptcy cliff. Know you cash position and forecast asap. Be honest, and do your best