It is not unusual for people to stop receiving monthly statements from their mortgage company or car loan bank after filing a bankruptcy (either chapter 7 or 13). This is because of something called the Automatic Stay in Bankruptcy, which protects you from attempts by creditors to collect a debt from you.

Although this is certainly what you want, and one of the big reasons you filed bankruptcy in the first place, it can present a small bump in the road when it comes to these particular creditors.

In an effort to avoid the appearance of demanding payment from you, mortgage companies and car loan banks will stop sending you these monthly statements. You are not in trouble, and nothing has gone wrong; it is just that certain things have to happen before you can start receiving them.

Whay you do about it depends on whether you filed a chapter 7 or a chapter 13 bankruptcy. Find out more here!

If you live in southern New Jersey and are considering filing bankruptcy, please feel free to call me at 856-432-4113 or contact me through this sitefor a free consultation in my Woodbury office to discuss your case.

If you are looking for more information about bankruptcy,then download my free book,Top Questions People Ask About Filing Bankruptcy in New Jersey.

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Steven J. Richardson
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Bankruptcy, Collections, Student Loan, DUI and Traffic Court attorney in Woodbury, NJ.