Automatic Stay and Bankruptcy
Illinois Bankruptcy Attorneys
The Bankruptcy Code provides powerful legal protections for people struggling with debt and facing creditor actions. One of the most powerful forms of protection is the automatic stay. The automatic stay is a legal injunction that goes into effect as soon as you file your bankruptcy petition. Once the stay is in place, creditors cannot attempt to collect debts from you. They cannot seize your property, garnish wages, place liens against your property or contact you.
At Atlas Consumer Law, we help people throughout Chicago file for bankruptcy. The automatic stay is your right. We can help you use it to stop your creditors and get started on the road to debt relief. Contact our office today for the trusted legal guidance that you need.
What Can the Automatic Stay Do for You?
Whether you are filing Chapter 7, Chapter 13 or Chapter 11 bankruptcy, the automatic stay will protect you from most creditor actions. The stay is immediate and automatic, legally barring your creditors from taking legal action against you.
- In most cases, the automatic stay will:
- Stop foreclosure
- Stop repossession
- Stop wage garnishment
- Stop creditor harassment
Limits on the Automatic Stay
The automatic stay remains in effect for the duration of the bankruptcy case. However, if you have filed for bankruptcy once in the past year and your case was dismissed, the automatic stay will only last 30 days. If you have had more than one bankruptcy dismissed in the past year, the automatic stay will not go into effect at all.
Are you struggling with debt in Illinois and considering bankruptcy? Contact us online or by telephone at (312) 313-1613 to speak with an experienced Chicago consumer attorney.