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Category Archives: Automatic Stay

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Questions about the Automatic Stay

By Nowack & Olson, PLLC |

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 »

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An introduction to the automatic stay in bankruptcy

By Nowack & Olson, PLLC |

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 »

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