Bankruptcy in the Los Angeles Area - Instant Relief - Chapter 7

The collection notices, continual phone calls are just the tip of the iceberg when it comes to dealing with creditors' demands for payment. Wage garnishment, repossession and levies can wreck havoc on your already precarious financial situation. Fortunately, there is a way to stop collection activity and prevent wage garnishment, repossession, and even bank levies. Filing for bankruptcy invokes an Automatic Stay which bars creditors from taking any action to collect on a debt during the course of the bankruptcy process. It doesn't matter what type of bankruptcy you file for in Los Angeles County, as long as you qualify, the automatic stay will protect your assets and give you some well-deserved relief from creditors.

While the automatic stay is in place, creditors cannot call to ask for payment. They also cannot send you collection notices, or take any collection actions such as having your wages garnished, attaching a lien to your home, having your bank accounts levied, or repossessing any item for which you may owe payment. For many individuals, this is the best part of the bankruptcy process, because it affords an immediate sense of relief, and there is no longer any need to worry about creditors' collection attempts for the duration of the bankruptcy.

After your bankruptcy is discharged, a permanent injunction is put into place for those debts which are discharged under your Chapter 7 bankruptcy, barring your creditors from attempting to collect on any of those debts that the bankruptcy has discharged. This means that you have permanent relief from creditors' collection activities for all of your qualified debts. This in and of itself is often a huge relief, and often empowers people to take positive steps when it comes to rebuilding finances and getting back to the financial freedom and security they deserve.

While the instant relief of the Automatic Stay is an important aspect of the Chapter 7 bankruptcy process, it is important to note that there are a few people who will not qualify for its protection. Generally speaking, only individuals who have recently had a bankruptcy dismissed in the past year will have to worry about not receiving an automatic stay for the case. If there has been one bankruptcy case dismissed in the past 12 months, then the automatic stay is not granted automatically - it must be requested, and will only last for 30 days if it is granted, unless you or your lawyer successfully petitions the court to have it extended. If you've had 2 or more bankruptcies dismissed in the past year, then you receive no automatic stay at all in most cases.

The automatic stay for Chapter 7 bankruptcy was put into place to help individuals get some relief from creditors, which in turn helps to minimize stress in an already stressful financial situation. If you need the relief of an automatic stay, please contact our office. We can help you file for yourLos Angeles County Chapter 7 Bankruptcy and ensure that you receive the relief that you are entitled to under the law. Our team of reputable, experienced  Los Angeles County Bankruptcy Attorneys will work with you to ensure that your case is handled swiftly, so that you can get relief as soon as possible. Get in touch with us today and schedule your free initial case evaluation as soon as possible.