What the Automatic Stay Can Avoid – Warner Robins Georgia bankruptcy lawyer

What the Automatic Stay Can Avoid – Warner Robins Georgia bankruptcy lawyer
Chapter 11 lawyer Macon

Utility cutoff. If you have defaulted on a utility bill and the company is threatening to discontinue your water, electric, gas, or telephone service, the automatic stay will stay the disconnection for at least 20 days. Even though the amount of a utility bill itself rarely justifies a bankruptcy filing, preventing electrical service cutoff in winter can be one reason.

Foreclosure. If are facing foreclosure, the automatic stay temporarily stays the proceedings, but the creditor will often be able to go on with the foreclosure in the near future. If you are facing foreclosure, Chapter 13 bankruptcy is usually a better remedy than Chapter 7 bankruptcy, if you want to keep your house.

Multiple wage garnishments. Filing for bankruptcy stops garnishments dead in their tracks. Besides taking home a full salary, you also may be able to discharge the debt in bankruptcy. Even though no more than 25% of your wages may be taken to satisfy court judgments, most people file for bankruptcy if more than one wage garnishment is threatened.

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Macon Georgia bankruptcy lawyer | Bankruptcy attorneys in Macon GA and Warner Robins – Filing for Chapter 7 Bankruptcy and Chapter 13 Bankruptcy in Macon GA

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