Falling behind on bills doesn't mean that debt collectors have the right to treat you like a criminal or a failure in life. If you're currently dealing with significant financial hardship, the unscrupulous actions of creditors seeking payment could cause you embarrassment at home and at work, and may even make you dread the sound of your phone ringing. Our Everett bankruptcy lawyers routinely see how debt collectors viciously treat people who owe them money, but you can put it a stop to the madness and eliminate your debt.
When you petition the court in Washington for bankruptcy, the automatic stay takes effect immediately. Creditors are no longer permitted to hassle you in any way without the possibility of fine or sanction. You don't even have to wait for a decision regarding your bankruptcy to stop the harassment, and you can sometimes reap the benefits of an automatic stay without qualifying for a discharge of your unsecured debt.
Every manner of debt collection is stopped by the automatic stay. This includes wage garnishments, car repossessions, and home foreclosures. Fight back against the merciless tactics of corporate creditors with help from our team of Washington State bankruptcy lawyers, and put an end to the phone calls without delay.
The automatic stay helps you focus on a fresh financial startBecoming mired in debt with no chance of escape is stressful, but if debt collectors are calling you at all hours of the day and night, or making threats that they will contact your place of work, it's time to make a stand. You have legal rights provided by the federal government that protect you from the unnecessary burden of unmanageable debt, and our Washington State bankruptcy attorneys can help you enforce them.
Contact one of our helpful litigators and they can petition the court for bankruptcy on your behalf, and issue an automatic stay. This will immediately stop the harassment, lawsuits, and any other debt-related issue that's causing you unnecessary stress. Eliminate worry form your life by pressing the financial reset button with help from our team of experienced Everett bankruptcy attorneys.
The automatic stay relative to secured debtFiling for Chapter 7 bankruptcy most often allows you to discharge all unsecured debt. However, to enjoy the benefits of the automatic stay relative to secured debt, which are loans backed up by collateral, you will need to maintain your regular payments. With a Chapter 13 bankruptcy, you debt is consolidated over a period of three to five years. In either situation, which usually involves a home or car, your property must be insured so that the creditor has the required protection in the security of their financial interest.
When does the automatic stay end?Once your debt is discharged, the automatic stay is no longer necessary because it permanently eliminates your debt. Some varieties of debt may not qualify for discharge, like student loans and taxes, so you are still required to maintain payments after the bankruptcy is finalized. In situations involving Chapter 13 bankruptcy, you are protected from secured debt for the full term of your consolidation, even if it's not included in your monthly payments.
Contact our experienced Everett legal team for a free consultation and find out more about the automatic stayIf you're tired of being harassed because of financial woes, contact an Everett bankruptcy attorney from our law office for a free consultation. An automatic stay allows you to immediately put an end to all manner of debt collection, including: