What the Automatic Stay May Stop – Oconee County GA bankruptcy law firm
Athens-Clarke County Georgia bankruptcy lawyer
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 seldom justifies a bankruptcy filing, preventing electrical service cutoff in winter can be one reason.
Foreclosure. If are facing foreclosure, the automatic stay temporarily stalls the proceedings, but the lender 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. Not only will you take home a full salary, you also may be able to wipe out the debt in bankruptcy. Even though no more than 25% of your wages can be taken to satisfy court decrees, many people file for bankruptcy when more than one wage garnishment is threatened.
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Athens Georgia bankruptcy lawyer | Bankruptcy attorneys in Athens GA and Athens-Clarke County – Filing for Chapter 7 Bankruptcy and Chapter 13 Bankruptcy
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