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If you are being sued by creditors and collectors, filing bankruptcy may put a stop or completely end the lawsuit. When a bankruptcy is filed, an automatic stay is automatic put into effect preventing creditors and collectors from proceeding with lawsuits to collect debts, garnishments, or repossessions.
The bankruptcy’s automatic stay is much like a restraining order by the court that stops creditors from attempting to collect debt. Phone calls and visits would be halted and garnishments stopped. The automatic stay is usually in effect through the bankruptcy process until you receive your discharge of your debts at the end of the case.
Filing for bankruptcy is a powerful tool that can help provide relief from many types of lawsuits. Chapter 7 and Chapter 13 Bankruptcy provide different kinds of relief from debt. Which case you need to file depends on your specific situation and goals.
If you or someone you know is facing a lawsuit, garnishment, or repossession call us now to speak directly with an attorney and set up a free consultation.
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