What is an automatic stay?

When you file for bankruptcy, the court will issue an automatic stay on most or all debts against you. This means that creditors must instantly cease collection efforts, including any phone calls or letters to the debtor. The automatic stay may also be able to disrupt a foreclosure and certain other legal proceedings. It is an essential and powerful benefit of filing for bankruptcy protection.

If you are considering seeking bankruptcy protection and have questions about the automatic stay and which debts it applies to, contact the Milwaukee bankruptcy lawyers of the DeLadurantey Law Office, LLC, at 414-377-0518 to arrange for a free consultation.

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