Bankruptcy Stops ALL Collection Against You!

Did you know that bankruptcy stops ALL collection against you… including Foreclosure, Repossession, Garnishment, Lawsuits, Letters, Bills, and Telephone Calls?

Yes, that’s right. Filing either Chapter 7 or Chapter 13 Bankruptcy is a powerful tool to keep your creditors at bay. As soon as your bankruptcy case is filed, you receive the protection of the Automatic Stay provision of the Bankruptcy Code which requires that all creditors MUST stop all collection activities against you. Lewis & Jurnovoy, P.A. will force your creditors into the Bankruptcy Court where they must obey the rules that the Court has established, including mandatory stopping of all collection activity.

For example, if you are in a foreclosure and your house is going to be sold “on the courthouse steps” (Mortgage Foreclosure Sale Date) at 11:00 a.m. and you file a bankruptcy at 10:30 a.m., then the foreclosure is “Stayed”, or stopped, by the bankruptcy filing. The mortgage company is then forced into the Bankruptcy Court as one of the mandatory ceases of collection activity.

Other examples: if your car is in jeopardy of repossession, then a bankruptcy filing will also stop the repossession. If your wages are being garnished, then a bankruptcy will stop the garnishment and the wages must be returned. Filing Bankruptcy will even stop the IRS (Internal Revenue Service).

These are just a few examples of the power of the Bankruptcy Laws. Filing either Chapter 7 or Chapter 13 Bankruptcy may be the first step for you to get your “financial house” back in order. It is easier to reorganize if your creditors are not pulling you apart and the Bankruptcy Laws recognize this. Let us put these laws to work for you. Call or email us today for your Free Consultation.

Martin S. Lewis

Lewis & Jurnovoy, P.A.