The automatic stay goes into effect if you file either a chapter 7 or 13 Bankruptcy. The automatic stay temporarily stops creditors from collecting debts you owe. The stay will remain in place for a period of time unless the court removes the stay and allows creditors to continue with their collection efforts.
Automatic Stay Chapter 7 bankruptcy
The automatic stay will normally remain in effect for the duration of the bankruptcy. However, there are exceptions. A chapter 7 bankruptcy attorney can explain how the automatic stay can help protect you from your creditors.
Automatic Stay Chapter 13 bankruptcy
Under Chapter 13 bankruptcy the automatic stay can potentially last longer because a Chapter 13 case can lasts 3 to 5 years instead of 3 months. This can create substantial advantages concerning certain kinds of debts where you need more time and protection.
Debts that cannot be discharged in bankruptcy
Back child support Alimony Certain Tax obligations
If you have tax debt obligations it is important you consult one of our bankruptcy lawyers to find the best solution and course of action. Student loans will are not dischargeable with bankruptcy unless you can demonstrate that repaying the debt would be an undue burden.
We understand these are rough time times and having a knowledgeable and affordable bankruptcy lawyer on your side is your best solution to becoming debt free and on the road to financial recovery.Click Here to fill out our contact form or call us today for your free bankruptcy consultation!