What Is an Automatic Stay in Bankruptcy and How Does a Lawyer Secure It?
An automatic stay is a crucial legal provision in bankruptcy law that offers immediate protection to debtors from creditors. When a debtor files for bankruptcy, the automatic stay comes into effect instantly, halting most collection actions by creditors, including lawsuits, wage garnishments, and harassment. This provision provides the debtor with much-needed breathing room to reorganize […]
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