Automatic Stay
The filing of a petition under Chapter 7 “automatically stays” most actions against the debtor or the debtor’s property. This stay arises by operation of law and requires no judicial action. As long as the stay is in effect, creditors generally cannot initiate or continue any lawsuits, wage garnishment, or even telephone calls demanding payments. Creditors normally receive notice of the filing of the petition from the clerk. Debtors may also give notice to creditors.
Last Updated ( Monday, 18 May 2009 07:27 )
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Automatic Stay
