What is Automatic Stay in Bankruptcy?
Being in debt is hard. It’s even worse when debt collectors hound you every day. To the collectors, it’s only a job and nothing personal. But to you, it feels like harassment. Despite the fact that there is a law in place that’s supposed to keep you from being called at certain times and while you’re at work, many credit companies break those laws.
One of the big reasons people file bankruptcy is to keep creditors from contacting them. When you file for bankruptcy, you are kept safe from creditors from a provision called Automatic Stay. When you file for bankruptcy, any calls, direct mail, emails, or any other form of communication by a creditor meant to collect money from you must cease immediately. Basically, this provision gives you a little peace while you’re paying back your debts.
This article should not be taken as legal advice. If you’re considering bankruptcy or another legal debt relief option, you need to consult an attorney for guidance. If you’re in New Jersey and seeking legal assistance, we can help you.
Brenner Spiller & Archer, LLP is a New Jersey law firm that is dedicated to helping families find relief from the burden of debt and other financial woes. For more than 35 years, our bankruptcy lawyers have provided effective guidance on all debt relief matters to clients throughout Central and South Jersey.