Debra Booher &Associates Co., Lpa Click here to get your free Legal evaluation
Call Us Today Toll Free
888-542-1300

What can bankruptcy’s automatic stay protect you against?

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.

So, what types of creditor communications can bankruptcy’s automatic stay protect you against? In addition to the annoying, time-consuming and potentially embarrassing phone calls from creditors, bankruptcy’s automatic stay may help you keep your home, at least for some time. If a creditor has begun foreclosure proceedings against you, he or she must halt the process while the automatic stay period is in effect.

Similarly, if your landlord was in the process of evicting you from your home, but he or she does not yet have an eviction judgment for possession, the automatic stay could potentially buy you some time to catch up on your payments. The automatic stay period can also prevent utility companies from disconnecting your services for some time, and it can, too, keep you from losing more money to wage garnishment, at least while it remains in effect.

This information about what bankruptcy’s automatic stay protects you against is meant for educational purposes and does not constitute legal advice.

No Comments

Leave a comment
Comment Information
Email Us For A Response

How Can We Help?

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Cuyahoga Falls Office
1350 Portage Trail
Cuyahoga Falls, OH 44223

Cuyahoga Falls Law Office Map

Beachwood Office
3401 Enterprise Pkwy.
Suite 340
Beachwood, Ohio 44122

Map & Directions

Independence Office
4700 Rockside Rd
Suite 415
Independence, Ohio 44131

Map & Directions

Westlake Office
1991 Crocker Rd
Suite 600
Westlake, Ohio 44145

Map & Directions

Canton Office
4450 Belden Village Street NW
Suite 204
Canton, Ohio 44718

Map & Directions

Ravenna Office
2633 St. Rt. 59
(Orchard Plaza)
1st floor
Ravenna, Ohio 44266

Map & Directions