What is automatic stay?

Automatic stay is a form of financial protection that is enacted when you file for bankruptcy. It stops all debt-collection actions taken by your creditors, including foreclosure proceedings, wage garnishments, repossessions, and collection calls. Creditors are prohibited by law from filing a new suit against you and from continuing to badger you for money.

If you would like to learn more about automatic stay, contact Birmingham bankruptcy lawyer Paula Greenway today at [phone-number].

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