Can Creditors Avoid An Automatic Stay?
… a debtor files Chapter 7 or Chapter 13 bankruptcy, he/she will receive the protection of an automatic stay. The automatic stay prevents creditors from taking collection actions against the debtor in bankruptcy and also forbids the creditor from calling, writing, issuing a wage garnishment order, seizing the debtor’s bank account or assets, filing a lawsuit or filing foreclosure on the debtor’s home. However, there are circumstances where a creditor will seek relief from the …
Tags: Automatic stay Chapter 13 Bankruptcy Chapter 7 Bankruptcy Creditor foreclosure Law
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