What Is an Automatic Stay and How Does That Apply To Me?

automatic stayBankruptcy can be very stressful. From losing your home to having creditors threatening you with legal action, you may feel as if there are no good options left. However, that is not true. By working with a skilled Brighton Beach bankruptcy lawyer to obtain a court order known as an automatic stay, you can put an immediate stop to civil lawsuits filed against you by creditors.

Is the Stay Temporary or Permanent?

In most cases, the automatic stay will be a temporary buffer between you and your creditors. However, in doing so, it will give you enough time to work with bankruptcy lawyers in Brooklyn NY to formulate a plan of action.

What Can be Prevented by an Automatic Stay? 

When courts grant an automatic stay during bankruptcy proceedings, it can prevent a number of serious events from taking place, such as disconnection of utilities, wage garnishments, evictions, and foreclosures. In most situations, the relief from the automatic stay will last 20-30 days. While this may not sound like much time, it will allow you time to discuss your case with your attorney, which can make a significant difference in achieving the legal results you seek.

What Is Not Prevented by an Automatic Stay?

While an automatic stay can help you with many situations, it does not work with everything. For example, it will not stop criminal proceedings against you, nor will it prevent a lawsuit from an ex-spouse who is attempting to collect child support payments from you. And if you are having IRS issues, the automatic stay won’t prevent an audit. However, it will prevent the IRS from placing a lien, or seizing your income or property.

Contact a Bankruptcy Lawyer

Since bankruptcy is such a complex issue, it is always best to work with an experienced and knowledgeable attorney who specializes in this field. Therefore, when in need of a skilled bankruptcy lawyer Brighton Beach residents turn to Ursulova Law. By doing so, you will gain peace of mind, as well as a law firm that will ensure your legal rights are protected every step of the way.




Ursulova Law offices, P.C.

Contact Ursulova Law Offices, P.C. to find out how our NY Bankruptcy Attorneys can help you today. Our offices are located in New York, Brighton Beach, Brooklyn and Garden City.


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