The Same but Very Different Automatic Stay in Chapter 7 and 13

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Both Chapter 7 and 13 have the same automatic stay to stop creditor collection actions. But how they each use that tool is very different.   Last time we focused on how you can use the Chapter 7 and Chapter 13 options to your time advantage. Chapter 7 “straight bankruptcy” is very fast. If all or most of your debts can be … Read More

Summary about the Automatic Stay

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During the last 13 blog posts we’ve covered the automatic stay–crucial protection that filing bankruptcy gives you. Here’s a helpful summary.

Relief from the Automatic Stay

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Creditors sometimes ask the bankruptcy court for permission to take certain collection action against you or the collateral.   In our last blog post we talked about the “automatic stay.” It’s one of the most important benefits of filing bankruptcy. It’s certainly the fastest, going into effect immediately when you or your Louisville lawyer files your bankruptcy case. The automatic … Read More