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What Is the Automatic Stay?

Chicago Bankruptcy Attorneys

Most people know that bankruptcy may allow them to discharge debt. What many people do not know is that bankruptcy provides immediate relief from creditors through the power of the automatic stay.
To learn more about bankruptcy and the automatic stay, contact Edwin L Feld & Associates. With eight convenient office locations, we are able to provide local representation to clients throughout the Greater Chicagoland area and surrounding suburbs.

What Is the Automatic Stay?

If retained to handle your case, we will file a Chapter 7 bankruptcy or Chapter 13 bankruptcy petition on your behalf with the U.S. Bankruptcy Court. When your bankruptcy case is an automatic stay will go into effect, which halts creditors from taking any further collection activity against you.
The automatic stay allows you to obtain relief from:

  • Collection calls
  • Lawsuits
  • Auto repossession
  • Home foreclosure
  • Garnishments
  • IRS levies
  • Utility shut-off
  • Wage assignments brought by payday type loan companies

Contact Our Chicago Bankruptcy Lawyers

To schedule a free consultation with an experienced bankruptcy lawyer at our firm, contact us toll free at 888-645-4357. You may also contact us by e-mail.