What Types of Actions Are Stopped By An Automatic Stay?
Every ring of the phone can cause a twinge of pain when creditors and collection agents are looming over a person. But filing for bankruptcy can help put an end to this misery by inducing an automatic stay. Filing a petition for bankruptcy can provide automatic relief from creditors and actions to claim secured or unsecured debt from you. This instant protection is an important benefit of filing for bankruptcy, and it can provide a great deal of relief for those struggling with excess debt.
If you are considering filing for bankruptcy, you need an experienced legal professional on your side. For more information on the potential benefits of a bankruptcy filing, please contact the West Palm Beach bankruptcy lawyers of Eric N. Klein & Associates, P.A., by calling 561-353-2800.
Understanding the Automatic Stay
An automatic stay puts a temporary hold on any outstanding debts, whether secured or unsecured. This instant action will prevent creditors and many other institutions from contacting you about your outstanding payments. In general, the following actions may be instantly stopped by an automatic stay:
- Notices of eviction
- Foreclosure
- Utility disconnection
- Wage garnishments
- Calls from creditors
These actions, amongst others, will be withheld during the period of the stay upon filing a petition for bankruptcy.
Contact Us
If an automatic stay would be a relief from current financial issues, you should speak to an attorney about the possibility of filing for bankruptcy. For more information on the bankruptcy process, please contact the West Palm Beach bankruptcy lawyers of Eric N. Klein & Associates, P.A., by calling 561-353-2800.
