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Bankruptcy

: The Debt Podcast

Glossary: Automatic Stay

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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...The Fate of Co-Signed or Guaranteed [...]

Full post as published by The Debt Podcast on November 02, 2008 (boomark / email).

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