Category Archives: Automatic Stay
Think Twice Before Assuming Someone Else’s Mortgage
Journalists have been saying for at least a year that the only way you can afford to be a first-time homebuyer is if your parents give you money for a down payment, co-sign with you on the mortgage loan, or both. Where does that leave the rest of us who do not have wealthy… Read More »
Questions about the Automatic Stay
One of the most powerful benefits of filing for bankruptcy is the protection afforded by the automatic stay. As some of our readers know, the stay immediately halts any collection efforts, such as a car repossession or a home foreclosure. Any creditor who violates the stay could get in trouble with the court. The… Read More »
An introduction to the automatic stay in bankruptcy
An introduction to the automatic stay in bankruptcy The broad cessation of collection activity against the debtor is a huge relief from financial pressure. One of the strongest benefits of filing a petition for bankruptcy is the immediate automatic stay triggered by the filing. The automatic stay is an order of the U.S. Bankruptcy… Read More »