Stop Creditors with Automatic Stay
Filing for bankruptcy is not an easy decision. For whatever circumstances that led to filing for bankruptcy, there is some hope with automatic stay. Automatic stay is an integral part when filing for bankruptcy. The court issues automatic stay when you file for bankruptcy which stops creditors from collecting on debts you owe during the bankruptcy process. Automatic stay prevents a creditor, collection agency, government entity, or others from filing a lawsuit against you on monies owed.
Automatic Stay Prevents:
• Utilities from being disconnected. Automatic stay will often prevent a utility company from disconnecting your telephone, gas, electric, or water services during your ongoing bankruptcy case.
• Foreclosures: Automatic stay will stop the foreclosure proceedings but once automatic stay is lifted the foreclosure proceedings will begin. Consider filing for Chapter 13 if you wish to keep your home.
• Evictions: Automatic stay may be able to suspend an eviction proceeding if the landlord is trying to evict you before them receiving a court order. However, the landlord may ask that you not stay in their property while waiting for automatic stay expire.
• Wage Garnishments: Automatic stay puts a stop to wage garnishments deducted from your paycheck to where you receive your whole paycheck.
Automatic stay will not prevent the owing of child or spousal support, repaying loans against your pension, divorce, and any criminal prosecutions.
Experienced Bankruptcy Attorneys in the Atlanta Metro Area
Navigating through the difficult process of bankruptcy can be challenging. The attorneys at Gingold & Gingold LLC can help alleviate some of the stress associated with filing for bankruptcy through the court order of automatic stay. The attorneys at Gingold & Gingold will answer any questions and help you walk through this difficult time. Call Gingold & Gingold today to schedule your consultation.
Posted on behalf of
1718 Peachtree St NW, #385
Atlanta, GA 30309
Phone: (404) 685-8800