Bankruptcy doesn't have to be something bad.
It can actually be the start of something good.
Your situation is unique, and it's personal.
Your attorney should be as well.

Automatic Stays

Though filing for bankruptcy may seem quite daunting, there are actually a number of ways you can benefit from taking such drastic financial action. Bankruptcy stops a number of damaging processes from being carried out, such as foreclosures and repossessions. This halting of creditor actions is known as automatic stay.

You shouldn’t let your fear of ruined credit deter you from taking the steps you need to restore your financial standing. Remember: credit can be rebuilt, even after a bankruptcy filing.

Benefits of an Automatic Stay

An automatic stay is a federal injunction that prevents creditors from taking drastic action against you in an effort to reclaim the money they are owed. Once you file for bankruptcy, an automatic stay is placed on you. It will remain in effect until a judge decides to remove the stay, you are discharged, or the property in questions is no longer part of your estate (under Chapter 7 proceedings).

Automatic stays will immediately halt all of the following creditor actions:

  • Lawsuits filed against you by creditors
  • Collection calls
  • Wage garnishments
  • Foreclosure proceedings
  • Repossessions

As you can see, receiving an automatic stay can be extremely beneficial. With these processes halted, you can focus on recovering your financial state without worrying about losing your property or dealing with potentially damaging collection calls.

Contact Us

If you would like to learn more about how filing for bankruptcy and receiving an automatic stay can benefit you, then Birmingham bankruptcy lawyer Paula Greenway can help. To speak with her about your situation, contact the law offices of Greenway Bankruptcy Law, LLC today at (205) 324-4000.

"When I had my power cut off because I just didn't have the money to pay the power bill, a friend suggested I call Paula Greenway. From the moment I walked in her office I felt like a burden was lifted from my shoulders."
Robin M
"I would just like to say that I was impressed by the staff of Greenway Bankruptcy Law, LLC and their attention to professionalism. They made the bankruptcy process not only pleasant but simple."
Jennifer S.
I can't tell how comforting it is to know your attorney is working on your case. I would and have recommended their service to friend and associates."Ed H.
"I would like to thank Greenway Bankruptcy Law, LLC for the way in which they handled my bankruptcy case."
Robert M.
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Greenway Bankruptcy Law, LLC
505 20th St N #1220
Birmingham, AL, 35203
Phone: (205) 324-4000
Tuscaloosa: (205) 737-3350
Gadsden: (256) 467-6650

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Greenway Bankruptcy Law, LLC All rights reserved. We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code. The following language is required pursuant to Rule 7.2, Alabama Rules of Professional Conduct. No representation is made that the quality of legal services to be performed is greater than the quality of legal services performed by other lawyers. This web site is designed for general information only. The information presented at this site should not be construed to be formal legal advice nor the formation of a lawyer/client relationship.

Greenway Bankruptcy Law, LLC 505 20th St N #1220, Birmingham, AL, 35203 | Phone Number: (205) 324-4000