In the event of a bankruptcy filing, federal bankruptcy law mandates that all collection activity must immediately cease. If there are assets in the bankruptcy estate of the consumer, a creditor may file a proof of claim with the court in which the bankruptcy is pending.
There may be other actions to be taken in the bankruptcy proceedings depending on the type of bankruptcy filed, and whether you as the creditor, are secured or unsecured. We are available for consultation to determine what steps, if any, may be appropriate in your particular circumstances.