When medical bills, credit card debts and other consumer debts you accumulated in Ohio become too much to manage, you may devote some consideration to filing for bankruptcy as a means of giving yourself a fresh financial start. While doing so can potentially help you work through a number of different areas, it may, too, help put a stop to the steady stream of communications you are receiving from creditors wanting you to make good on your debts.
How? According to LendingTree, once you initiate the bankruptcy process, something called automatic stay takes effect, and it can prevent your creditors from coming after you, at least for a certain amount of time. Typically, the automatic stay period starts as soon as you file for bankruptcy, and, in most cases, it continues either until your bankruptcy case comes to a close or your debts undergo discharge.