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...