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Glossary: Automatic Stay

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Glossary: Automatic Stay

11-02-2008, 06:51 PM	#1
Repair Bad Credit Elite Member Join Date: Aug 2006 Posts: 2,121	AUTOMATIC STAY: As soon as a bankruptcy is filed, the Bankruptcy Court enters an Order that immediately stays, or stops, all collection actions against you. This means that foreclosures, garnishments, attachments, lawsuits, collection calls and letters, and even regular monthly bills are stopped.If you liked that post, then try these...What Happens If My Chapter 7 [...] More...

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