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 the Sulaiman Law Group, LTD., 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 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:
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.
Contact Us to Start Your Case Today
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 bankruptcy attorney.