What the Automatic Stay Can Stop – Augusta Georgia bankruptcy attorney

What the Automatic Stay Can Stop – Augusta Georgia bankruptcy attorney

Best bankruptcy attorney Augusta

Utility disconnections. If you have defaulted on a utility bill and the company is threatening to discontinue your water, electric, gas, or telephone service, the automatic stay will stay the disconnection for at least 20 days. Although the amount of a utility bill itself seldom justifies a bankruptcy filing, preventing electrical service cutoff in winter may be one reason.
Foreclosure. If your home mortgage is being foreclosed on, the automatic stay temporarily stops the proceedings, but the lender will generally be able to proceed with the foreclosure sooner or later. If you are facing foreclosure, Chapter 13 bankruptcy is usually a better remedy than Chapter 7 bankruptcy, if you want to retain your house.
Multiple wage garnishments. Filing for bankruptcy stays garnishments dead in their tracks. Not only will you take home a full salary, you also may be able to wipe out the debt in bankruptcy. Even though no more than 25% of your wages can be taken to satisfy court decrees, most people file for bankruptcy when more than one wage garnishment is threatened.

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