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Bankruptcy

: The Debt Podcast

What Is An Automatic Stay?

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What is an Automatic Stay? Creditors have many weapons in their arsenal to try to collect on  a debt: Repeated telephone calls to your house; Repeated telephone calls to you at work; Letters, Letters, Letters; Letters from an attorney; Lawsuits; Garnishments. And this in when the creditor is being nice. When someone files for bankruptcy they get what is called an automatic stay. The automatic [...]

Full post as published by The Debt Podcast on August 01, 2009 (boomark / email).

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