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Bankruptcy Automatic Stay Protection
April 11th, 2009 by admin
When you know how to file for bankruptcy, you receive immediate relief from attempts by your creditors to collect the money you owe them, because filing for bankruptcy triggers the enactment of an automatic stay. This is true regardless of which type of bankruptcy protection you file for. If creditors do not respect the automatic stay and stop attempting to collect money from you, you have the right to seek legal action against them. An automatic stay offers protection from all types of debt collection attempts, including attaching your wages and repossessing your vehicle. If creditors try to commit any of these acts after you have filed for bankruptcy, inform them that they are acting illegally.
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