Automatic Stay

Serving Lawrenceville & Atlanta, GA

Lawrenceville & Atlanta Bankruptcy Relief: Automatic Stay Benefits

Contact The Ballard Law Group for Debt Relief Assistance

Automatic stay is the magic bullet of the bankruptcy code. Once you file bankruptcy—either Chapter 7 or Chapter 13—automatic stay prohibits all of your creditors from taking any action to collect debt from you. This means that creditors can’t call you on the phone, repossess your car, garnish your wages, levy your bank accounts, or file a lawsuit against you—and if a lawsuit is ongoing, it stops (this includes foreclosures).

When drowning in debt and being constantly harassed by creditors and collection agencies, you need to understand the options that Congress has provided you through bankruptcy solutions. These options bring you many benefits, the first of which is the automatic stay. Right away, your stress level is eliminated and you can concentrate on putting your financial house in order. At The Ballard Law Group, we have helped hundreds of clients reduce or erase runaway debt, save their homes from foreclosure as well as their cars from repossession, and stop the loss of income through wage garnishments by using appropriate bankruptcy options. Our firm is dedicated totally to this field of law which means we do nothing else but provide legal debt relief for our clients.

Get the information you need about debt relief and the automatic stay by contacting The Ballard Law Group online or at (404) 800-9939 for a free consultation.

Understanding the Power of the Automatic Stay in Bankruptcy

Automatic stay continues in place while your bankruptcy case is pending (Chapter 7) or as long as you continue to make your plan payments (Chapter 13). If creditors take any action against you while you are under bankruptcy protection, the bankruptcy code allows you to file a motion against that creditor for violation of the automatic stay and to request an award of compensatory damages, punitive damages, and attorney fees from that creditor.

Regain Financial Stability with The Ballard Law Group

If you are being sued or harassed by creditors, now is the time to talk to a bankruptcy attorney in the Atlanta area about your options. As the premier bankruptcy firm in the region, The Ballard Law Group can evaluate your individual situation and advise you as to whether a Chapter 7 or Chapter 13 bankruptcy proceeding would be in your best interests. We urge you to take advantage of our free consultation to get started today. 

Contact The Ballard Law Group

End Financial Stress & Threats

You don’t have to live with the stress of bills and legal threats. Let an experienced bankruptcy attorney help you get a fresh start with a customized debt resolution. 

Call The Ballard Law Group at (404) 800-9939  or contact us online to schedule your free, initial consultation and find out how our firm can help you today. 

Bankruptcy FAQ

How does bankruptcy work?

When someone files for bankruptcy, they must disclose all their assets, liabilities, income, and expenses. Depending on the type of bankruptcy, a trustee may be appointed to oversee the process. The debtor's assets may be liquidated to repay creditors or a repayment plan may be created. Once the bankruptcy is complete, the debtor is discharged from their remaining debts.

What are the different types of bankruptcy?

There are different types of bankruptcy, including Chapter 7 and Chapter 13. Chapter 7 bankruptcy involves the liquidation of assets to repay creditors, while Chapter 13 bankruptcy involves creating a repayment plan to repay a portion of the debts over a specified period of time.

Will bankruptcy ruin my credit?

Bankruptcy will have a negative impact on your credit score, but it is not permanent. With proper financial management and responsible credit behavior, you can rebuild your credit over time.

Can I keep any of my assets if I file for bankruptcy?

The answer depends on the type of bankruptcy you file. In Chapter 7 bankruptcy, some assets may be exempt from liquidation, such as your primary residence, necessary personal property, and retirement accounts. In Chapter 13 bankruptcy, you can keep your assets while repaying your debts through a repayment plan.

Can I file for bankruptcy without an attorney?

While it is possible to file for bankruptcy without an attorney, it is highly recommended to seek the assistance of an experienced bankruptcy attorney. They can guide you through the complex legal process, ensure your rights are protected, and help you achieve the best possible outcome.

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