What is an automatic stay in Chapter 7 and Chapter 13 Bankruptcy? It’s an injunction that automatically stops lawsuits, foreclosures, garnishments, and most collection activities against the debtor the moment a bankruptcy petition is filed.
What is an automatic stay in Chapter 7 and Chapter 13 Bankruptcy? It’s an injunction that automatically stops lawsuits, foreclosures, garnishments, and most collection activities against the debtor the moment a bankruptcy petition is filed.