Pretty much every person who gets a little behind on their bills will get a friendly reminder call from a creditor. But occasionally, those calls end up being not so friendly. Even though there are certain laws to protect the consumer from harassing calls at home and at work, not all debt collectors go by the regulations.

They're willing to try to browbeat, threaten and take whatever steps they think necessary to collect money and some actually believe they are doing the right thing with their collection efforts.  Lots of consumers will cave to their demands simply to stop the harassing collection calls.  However, if one creditor is calling there's a good chance that others are also making the calls and getting one to stop from calling will not stop the others. 

Once an individual files for personal bankruptcy, the calls should cease to come to the house.  It might take about a week for the creditors to be informed of the pending action and calls may still be made until they're notified, but then do come in, the creditors should be advised to contact the bankruptcy advocate.  If they continue to call after being informed of the bankruptcy filing, they can be held legally accountable for these actions. 

It is advisable that the debtor keeps track of the names, dates and times of any calls that come in after all debtors have been informed.  Debtors should let the lawyer know about this and let them deal with it through the correct legal channels.  While some creditors use outside collection services, once the creditor is notified of the filing, all contact must go through the personal bankruptcy attorney. 

There are a number of things that you might want to think as you are researching and discussing bankruptcy.  One of these things is going to be creditor bankruptcy, which is a different kind of bankruptcy that you might want to consider.  Creditor bankruptcy means that you are going through your creditors in order to declare that you don't have the money required to pay them the money that you owe. 

Once you have declared creditor bankruptcy there are various things that are going to happen.  First of all, you will be able to legally declare that you don't have the money to pay your creditors.  After that, they will no longer be able to hound you for the money, and the money will be written off as an unpaid debt.  Then, you will be able to start from scratch as regards to your credit. 

Although creditor bankruptcy allows you get out of paying the bills that you currently have due, it isn't something that you may want to do unless you don’t have any other choices.  If you declare creditor bankruptcy is going to show on your credit record, and that is something that you don’t want to happen.  It will not be easy for you to rebuild your credit, and you will wind up having a lot of problems.  Therefore, creditor bankruptcy must be a last resort.  Be sure that you speak to your lawyer and your financial advisor in order to understand what exactly is better for you to do, and what bankruptcy types are going to be the best for you to declare if need be.