WHAT IS THE “AUTOMATIC STAY” IN BANKRUPTCY?

Under bankruptcy law, an automatic stay is an automatic injunction that halts actions by creditors, with certain exceptions, to collect debts from a debtor who has declared bankruptcy. Under section 362 of the United States Bankruptcy Code, 11 U.S.C. § 362, the stay begins at the moment the bankruptcy petition is filed. Secured creditors may, however, petition the bankruptcy court for relief from the automatic stay upon a showing of cause. More information on stopping creditor harassment can be found at www.dlblaw.com

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WHAT IS THE “AUTOMATIC STAY” IN BANKRUPTCY?

Under bankruptcy law, an automatic stay is an automatic injunction that halts actions by creditors, with certain exceptions, to collect debts from a debtor who has declared bankruptcy. Under section 362 of the United States Bankruptcy Code, 11 U.S.C. § 362, the stay begins at the moment the bankruptcy petition is filed. Secured creditors may, however, petition the bankruptcy court for relief from the automatic stay upon a showing of cause. More information on stopping creditor harassment can be found at www.dlblaw.com .

WHAT IS A BANKUPTCY ADVERSARY PROCEEDING?

An adversary action is a lawsuit filed within a bankruptcy proceeding. There are many reasons for these lawsuits, sometimes even filed by the debtor when a creditor violates the automatic stay. At the Law Office of Douglas L. Barrett, LLC, we aggressively represent debtors in adversary actions as well as other aspects Utah Chapter 7 bankruptcy and Utah Chapter 13 bankruptcy.