What is an automatic stay in a Chapter 7 bankruptcy?

The automatic stay, which is sometimes called an injunction, is a court order that goes into effect when you file for bankruptcy. It's designed to protect your property and give you a fresh start. The next time you go to your house to get your mail or drive by to see whether the lights are on, remember that the automatic stay has stopped creditors from taking any action against your house without permission from the court.

A yellow poster stating "bankruptcy attorney" - call 801-676-5506 for a free consultation.

The automatic stay does more than just protect your property. It also stops most collection actions against you, and it gives you time to find a lawyer and file a bankruptcy petition without being hounded about money. It stops creditors from selling off your property and stops them from taking any legal action against you to require payment on old debts. If your house is up for foreclosure and you file a bankruptcy before the sale, it will stop the sale or invalidate the sale if the trustee sells it anyway.

If you have other questions or concerns about bankruptcy, call this lawyer for a free consultation:

Ascent Law LLC

8833 S Redwood Rd Ste C

West Jordan UT 84088

(801) 676-5506

https://g.page/AscentLaw

https://www.ascentlawfirm.com/chapter-7-bankruptcy-in-utah/

 

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