• What Is The Automatic Stay And How Does It Protect Debtors In Bankruptcy?

    By Published On: June 2nd, 2015

    By Elspeth CrawfordWhen someone files for bankruptcy, they receive what is called an automatic stay. The automatic stay is a powerful tool which prevents creditors from collecting debts from the bankruptcy estate while the bankruptcy is in progress. For example, a creditor might be threatening to repossess your car because of your failure to pay ...

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