Bankruptcy

What Is The Automatic Stay And How Does It Protect Debtors In Bankruptcy?

When someone files for bankruptcy, they receive what is called an automatic stay. The automatic stay is a powerful tool which prevents creditors from collecting debts from the bankruptcy estate while the bankruptcy is in progress. For example, a creditor might be threatening to repossess your car because of your failure to pay a car …

What Is The Automatic Stay And How Does It Protect Debtors In Bankruptcy? Read More »

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