Getting Fast Debt Relief by Filing Bankruptcy
Most people who are considering bankruptcy are seeking debt relief. They want the phone calls, letters and threats to stop so they can make a fresh start. The automatic stay, which is immediate when you file bankruptcy, is the most direct way to get that relief.
At the Tucson law firm of Trezza & Associates, we help our clients file bankruptcy so they can get the protection of the automatic stay. Contact us to schedule a free consultation with experienced Arizona bankruptcy lawyer Stephen Trezza.
Putting an Immediate Stop to Harassment and Lawsuits
The moment you file for bankruptcy, you get an automatic stay on all debt collection actions against you. As long as you are under the protection of the bankruptcy court, you will be free from creditor harassment, lawsuits and other collection efforts.
Our firm will handle your bankruptcy filing efficiently so we can get the automatic stay put in place as quickly as possible. The Court will then notify all of your creditors immediately.
The automatic stay not only stops harassing phone calls and letters; it also puts a halt on garnishment of your wages and bank accounts as well as foreclosure and repossession actions. Your creditors cannot take any actions to collect on your debts while it is in place.
Understanding What Happens After the Stay Is Lifted
The automatic stay remains in place throughout the bankruptcy process. Once that process is over, certain unsecured debts — such as credit card debts and medical bills — will likely be discharged, meaning you no longer owe them and do not have to worry about harassment.
If your debts are not eligible for discharge, the automatic stay is more of a Band-Aid. The bankruptcy process may buy you time to renegotiate your mortgage or car loan — or just find a new place to live or way to get around — but will not permanently eliminate these debts.
To learn more about the automatic stay and any other questions you may have about bankruptcy, contact us to talk to attorney Stephen Trezza.
