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Automatic Stay Explained

New York Bankruptcy Attorney Robert A. Schwartz Is On Your Side

When you file for bankruptcy, an automatic stay should immediately stop any lawsuit filed against you and most actions against your property by a creditor, collection agency, or government entity. If you are at risk of being evicted, being foreclosed on, being found in contempt for failure to pay child support, or losing such basic resources as utility services, welfare, unemployment benefits, or your job an automatic stay may provide a powerful reason to file bankruptcy. Having an attorney on your side to help you understand bankruptcy, the laws and your rights as a debtor can help you take back control of your life.

What Is An Automatic Stay?

In United States bankruptcy law, an automatic stay is an automatic injunction that halts actions by creditors, with certain exceptions, to collect debts from a debtor who has declared bankruptcy. Under section 362 of the United States Bankruptcy Code, the stay begins at the moment the bankruptcy petition is filed.

That’s right. If you file for bankruptcy an automatic stay is granted the minute you file bankruptcy and most creditors are must cease contact. No more phone calls, letters harassment or other collection activities are allowed – by law.

Contact A Rochester Bankruptcy Lawyer Today

If you or a loved one are facing bankruptcy contact Rochester bankruptcy attorney Robert. A. Schwartz today. Mr. Schwartz has over 3 decades of experience helping those that need financial guidance protect themselves and start a promising new debt-free future. When experience is a must Robert A. Schwartz is on your side. Call our office to schedule your free bankruptcy consultation today [custom:phone].