Yes, they will! By law, all collection actions against you must cease once official bankruptcy documents are filed.
Filing a personal bankruptcy creates a stay of proceedings, which means that, by law, your creditors will be barred from contacting you for payment, and all collection actions against you must cease once official bankruptcy documents are filed.
Collection calls and letters, wage seizures and bank account freezes are all halted at the beginning of the bankruptcy process.
If you have a mortgage or vehicle loan that you are opting to continue with, these payments will continue.
Watch our short video about how Consumer Proposals in BC impact mortgages and vehicle loans, the same applies in bankruptcy.
Some types of debts (like those to Family Maintenance Enforcement) may not be extinguished by filing a bankruptcy, and the stay of proceedings will not apply.