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Bankruptcy / Details

Automatic Stay

The most important thing that happens upon the filing of a Bankruptcy case is the Automatic Stay. The Automatic Stay is a Bankruptcy Injunction against your creditors preventing them from commencing or continuing collection activity against you. The Automatic Stay stops home foreclosure, wage garnishment, automobile repossession, harassing collection calls and letters. There are some limitations on the Automatic Stay. These limitations need to be individually addressed with a lawyer.