The bill collectors are calling nonstop, and are starting to call at all hours of the day. You talk to a bankruptcy lawyer, and review your options. If you end up filing for Chapter 7 or Chapter 13 Bankruptcy, Federal Bankruptcy Law gives you a very strong protector. It is called the “Automatic Stay”. It is your superhero! Yes, that’s right, superhero, because it can protect you from just about anything and anyone who is coming after you. The Automatic Stay is a rule that takes effect immediately when you file a bankruptcy case. Once your attorney files the case, your superhero comes to the rescue.
The superhero makes every bill collector stop calling, he (or she) stops all lawsuits with a single notice, and he goes further than that! If the bill collectors, or lawyers, or anyone, doesn’t stop collecting, he can get money for you (with the help of a good lawyer and a Bankruptcy Judge, of course!). If the collectors call, the first step is to tell them you filed a Bankruptcy Case, and to call your lawyer. Your superhero is in charge now, because the Automatic Stay protects you. And, if they call again, or send letters, they can be punished! If they repossess your car, continue foreclosing on your house, or take money from your bank account or paycheck, they can be punished as well! And, if the Bankruptcy Court allows it, the creditor may end up paying you money damages! Stay violations don’t happen all the time, but if it does happen repeatedly, you have a good chance of recovering some money.
It’s up to you to decide whether bankruptcy is the right decision for you. Call us to set up an in-depth consultation with an experienced lawyer. And, once you file, you have a superhero on your side, the Automatic Stay!
Daniel J. Winter
BankruptcyLawChicago.com
Offices in Chicago, Gurnee, Oak Lawn, and Skokie, Illinois
312-789-9999
