Have You Heard About The Chapter 7 Automatic Stay?

8 June 2023
 Categories: , Blog

An automatic stay in Chapter 7 bankruptcy is a powerful legal provision that offers several benefits to individuals seeking debt relief. Read on for some of the key advantages to this stay with a bankruptcy filing.  Immediate Relief The automatic stay goes into effect as soon as a Chapter 7 bankruptcy petition is filed with the court. This provision provides immediate relief by putting a halt to all collection efforts, including foreclosure, wage garnishment, repossession, and creditor harassment. Read More