The moment you file bankruptcy you and your property are protected from almost all collection attempts by your creditors. The part of federal bankruptcy law called the “automatic stay” protects you from your creditors during a bankruptcy case. The Law on Automatic Stay The ... Read More »
Making Sense of Bankruptcy: Important Exceptions to the Protections of the “Automatic Stay”
Almost all attempts by creditors to collect debts are immediately stopped when you file bankruptcy. But here are some special exceptions. Here’s a one-sentence summary of today’s blog post: The “automatic stay” gives you crucial protection from creditor collections as soon as your ... Read More »
Making Sense of Bankruptcy: Don’t Lose the Crucial “Automatic Stay” through Multiple Bankruptcy Filings
A law designed to stop the “serial filing” of bankruptcy cases could take from you one of your most important weapons against creditors. Here’s the sentence that we’re exploring today: When filing bankruptcy there is almost no benefit more important than the “automatic stay” so the ... Read More »
Making Sense of Bankruptcy: How Filing a Chapter 7 or 13 Case Stops Creditors’ Actions against You
Federal bankruptcy laws override state collection laws, protecting you and your assets from debt collection. In this “Making Sense” series, we’re explaining bankruptcy through individual sentences about each of its important concepts. Today’s sentence: Filing a consumer bankruptcy case ... Read More »
Multiple Bankruptcy Filings Can Disqualify You from the Crucial “Automatic Stay”
The automatic stay protects you and your property from your creditors when you file bankruptcy. But you can lose that key benefit of bankruptcy under certain rare circumstances. Because those circumstances are at least in part under your control, this blog will help you avoid them. In our last ... Read More »
