Top Ten Questions (continued)

Question 5.

What is the “automatic stay”?

The automatic stay is one of the most important aspects of the bankruptcy process. Once you file a bankruptcy petition, the automatic stay stops all collection efforts and proceedings against you, all harassment, lawsuits, and any foreclosure proceedings. It gives you breathing room to deal with your financial affairs without interference from your creditors. When clients retain us we work with them to immediately reduce or eliminate debt collection calls by providing them with a special phone number to give out to callers even before their case is filed. Ask me about this important benefit.

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