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Automatic Stay Protection During Bankruptcy

Bankruptcy Lawyer in St. Petersburg

One of the many benefits that filing for bankruptcy provides to delinquent borrowers is the protection of the automatic stay. This stops creditors from taking any collection actions against a borrower while their bankruptcy case is pending, which saves the borrower not only from harassing phone calls and letters, but also from having lawsuits filed against them. This respite can be particularly helpful if the borrower’s house is at risk of foreclosure.

A St. Petersburg bankruptcy attorney can further explain how the automatic stay can help you and how to proceed once it is in effect. If you are considering bankruptcy, contact Boss Law today to schedule your free initial consultation!

How the Automatic Stay Can Protect You

Although the automatic stay does not offer protection in all circumstances, it can be helpful for many things. Typically, it affects the following:

  • Foreclosure actions: If you are behind on your mortgage and risk losing your home, the automatic stay will temporarily halt foreclosure actions.
  • Eviction: Unless your landlord takes up the issue in court, the automatic stay may be able to buy you a few weeks time if you are facing eviction.
  • Utility disconnections: If you are behind on your utility bills, the automatic stay can prevent disconnection of your phone, electric, or water services for at least 20 days.
  • Multiple wage garnishments: Wage garnishments must cease as soon as you file for bankruptcy.

There are certain exemptions to the automatic stay, however. These can include spousal or child support actions, criminal proceedings, and specific tax proceedings.

Staunch Legal Advocacy for Florida Bankruptcies

It is important to work with an attorney with significant experience in debt relief and Florida bankruptcy law. The St. Petersburg bankruptcy lawyers at Boss Law have been providing effective debt solutions to Florida residents for more than a decade. You can rely on our team to protect you and guide you through the bankruptcy process. We encourage you to contact our firm today to talk about whether Chapter 7 or Chapter 13 is right for you and provide further information on how the automatic stay will affect your case.

Your best interests are our top priority. Call (727) 800-4498 to learn how we can help.