What Is A Motion To Lift The Stay And How Does It Impact My Bankruptcy?
When bankruptcy is filed one of the biggest benefits is that the automatic stay is in place right away. This legal mechanism prevents creditors from trying to collect their debt or from maintaining a lawsuit to do so. The automatic stay will put an end to foreclosures and also to wage garnishments. But when the stay is lifted, these benefits no longer exist. This is why it is important to...
Three Ways To Stop Collection Calls
Owing money that you can’t pay is no fun; it can cause you sleepless nights and be a constant source of stress when you begin receiving collection calls and letters. Unfortunately, even with caller ID, it can be hard to know when a call is from a collector. More and more frequently collectors are becoming tricky with how and when they place calls, making simply avoiding the phone a...
What Is The Automatic Stay?
Filing bankruptcy provides many benefits. The most important benefit is that you are able to have most of your debt eliminated, and no longer considered due by the creditor. Another important benefit is that of the automatic stay. This legal mechanism is put in place automatically, upon the filing of the case. What this means is that all creditors are automatically prevented (stayed) from...