Automatic Stays - Queens, NY
If you are considering filing for bankruptcy, you may be worried about losing your possessions, your home, or your car. However, filing for bankruptcy can actually protect you from creditors and collections agencies through an automatic stay. At Law Office of Seni Popat, P.C., we can help you understand how an automatic stay works and how it can benefit you during the bankruptcy process.
What is an Automatic Stay?
An automatic stay is a legal provision that goes into effect as soon as you file for bankruptcy. This provision prevents creditors and collections agencies from contacting you, making collection attempts, or taking legal action against you. This means that any foreclosure, eviction, or repossession attempts against you will be put on hold until your bankruptcy case is resolved.
How Can an Automatic Stay Help Me?
An automatic stay can give you the time you need to get your finances in order without the added stress of constant collection attempts. It can also help you protect your assets, including your home, car, and other possessions. By halting foreclosure and repossession attempts, you may be able to work out a payment plan or negotiate a settlement with your creditors.
What are the Limitations of an Automatic Stay?
While an automatic stay can provide crucial protection, it does have its limitations. For example, it does not protect you against certain types of debts, such as child support or taxes. Additionally, if you have filed for bankruptcy multiple times within a short period, your automatic stay may be limited or not apply at all.
Contact Our New York Bankruptcy Lawyers
If you are considering filing for bankruptcy and want to learn more about how an automatic stay can protect you, contact Law Office of Seni Popat, P.C. in Queens Village, NY. Our experienced bankruptcy attorneys can help you navigate the complex process of filing for bankruptcy and ensure that your rights are protected throughout the process.
Call A Bankruptcy Attorney In Queens At (718) 340-3385 Your Initial Consultation Is Free Of Charge! AFFORDABLE PAYMENT PLANS ARE AVAILABLE
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