San Jose Bankruptcy Attorney Discusses Automatic Stays
San Jose Bankruptcy Attorney Discusses Automatic Stays
When you file for bankruptcy you receive e an “Automatic Stay.” An automatic stay is an injunction where creditors have to stop trying to collect debts from you. The automatic stay is to protect and buy you time against pressing debts, while you are awaiting the finalization of your bankruptcy discharge. This means, that upon filing for bankruptcy, the automatic stay will come into effect and provide assistance to you in the following areas: Creditors can no longer harass you with non stop phone calls, creditors can no longer send you harassing letters in the mail, any foreclosures on your home will be stopped, any creditor lawsuits will be stopped, repossession on your property will be stopped, you can stop your utilities, water, gas or electric from being shut down for 20 extra days, stop any wage garnishment, child support or alimony.s
The automatic stay will remain in effect until the debtor receives a discharge or if a judge lifts the stay due to the request of a creditor.
The automatic stay can provide relief for a lot of your financial stresses. This is especially important during the time you are awaiting your bankruptcy finalization and you receive discharge. Also you have the ease of mind that anyone, like creditors, who knowingly violate the automatic stay, will be liable for damages caused by their violations.
If you or someone you know has questions about bankruptcy, please contact Sagaria Law. Our team of bankruptcy attorneys can answer any such questions you may have and assist you through the process. We represent clients from Santa Clara County, Alameda County, San Mateo County, Sacramento and surrounding areas. Contact our office today to schedule your free consultation to speak with one of our attorneys at 1-800-941-6730 or visit www.sagarialaw.com.
