What government branch oversees bankruptcy in the United States?
There is a branch within the Department of Justice called the US Trustee Program. Who can file for bankruptcy? It depends on the country. In the United States, individuals, corporations or partnerships may file. In the UK, partnerships are not permitted to file for bankruptcy. Will creditors continue to contact me concerning my debt? A court appointed trustee will meet with the involved parties and review finances and assets. Debt that is outstanding will be managed by a new payment plan or debt forgiveness. In either case, as much debt will be repaid as possible. Once a bankruptcy is filed, creditors are required by law to cease any attempts to collect what they are owed (such as legal actions, harassing phone calls, etc.) The only exception to this is in cases of secured debts, where the debtors are allowed to continue to try to collect on either the debt or the collateral used to secure it. (An example would be a car loan, where the lender can still repossess the car or seek the rem
