Benefits Of Filing For Bankruptcy: Automatic Stay When You File
One of the benefits of filing for bankruptcy is the automatic stay. Once you have filed your paperwork with the Bankruptcy Court, an automatic stay immediately goes into effect.
The automatic stay provision prevents creditors from making direct contact with you. As well as prohibiting them from staking a claim on any of your property from the day of filing forward. That means it will stop an foreclosure or repossession proceedings. The automatic stay also stops any harassing contact from credit agencies. And stops any garnishments that are coming out of your paycheck.
Legal Representation for Bankruptcy
If you are considering filing for bankruptcy you should contact a bankruptcy attorney to help you explore your options. If you have questions about the automatic stay, foreclosure or repossession or are interested in filing for bankruptcy contact Rebecca Hurst of Hurst & Hurst Law at (859) 209-2101.