The Automatic Stay: What is it?
Achieve the relief you need by filing for bankruptcy!
Among the many benefits of filing for bankruptcy, the automatic stay stands
out as one of the most substantial. The moment you file for either
Chapter 7 or
Chapter 13 bankruptcy, the automatic stay goes into effect and prevents any further
creditor action against you, including:
bankruptcy case is different, you may have questions about how the automatic stay
will impact your particular circumstances. Fortunately, you have come
to the right place. The lawyers at Smith Ortiz, P.C. have over 25 years
of experience and are solely devoted to bankruptcy law. We would be honored
to address your concerns during this challenging time!
Schedule your free consultation with our team of bankruptcy attorneys in Chicago today.
How does the automatic stay affect foreclosure?
For many individuals threatened with foreclosure, bankruptcy is the natural
course of action. This is because the automatic stay immediately halts
the foreclosure process and allows debtors to find a way to potentially
save their home. In Chapter 13 bankruptcy, it is possible to pay off arrearages
in your mortgage over a three-to-five-year period.
Because creditors and lenders do have the ability to proceed with foreclosure
actions after a certain length of time, it is important that you establish
a plan to save your home quickly. Our firm can review your case and point
you toward the most viable solution. We are committed to helping you avoid
Take Action with a Chicago Bankruptcy Lawyer
We understand how overwhelming it is when faced with unpaid bills, foreclosure,
and creditor harassment. Our firm is on your side and is prepared to work
tirelessly to achieve the most favorable outcome on your behalf.
The sooner you call, the sooner you can take advantage of the automatic
stay. Find out how Smith Ortiz, P.C. can assist you by
getting in touch with us today.