Automatic Stay

The Automatic Stay is a restraining order that keeps creditors away from you and your property.

Bankruptcy Glossary

NC Bankruptcy Lawyer in Charlotte North Carolina for Chapter 7 / Chapter 13

In most cases, once you file your case, the Automatic Stay immediately goes into effect automatically, hence the name.

It is one of the most powerful protections afforded by the bankruptcy laws, and can pack a powerful punch if creditors violate it.

It means that a bankruptcy filing automatically stops, or stays, and brings to a halt most lawsuits, repossessions, foreclosures, evictions (limited protection), garnishments, attachments, utility shut offs, and debt collection harassment.

Generally, creditors cannot take any further action against you or your property without permission from the Bankruptcy Court or following specific exceptions.

The Stay is not automatic in all cases for people who are repeat filers, or the stay may not be permanent without further court action.   

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The Law Office of Susanne M. Robicsek is
a Federally Designated Debt Relief Agency
under the Bankruptcy Code.
I file bankruptcy cases for people in financial need,
and have been doing so since 1989.

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