Daniel Rodriguez
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The automatic stay in bankruptcy
Whether a person files a Chapter 7 or a Chapter 13 bankruptcy petition, an automatic stay will go in place. It is an injunction that puts a stop to calls from creditors or collection agencies to debtors about paying back their debts. The automatic stay also puts a stop to harassing phone calls and letters threatening lawsuits. When it takes effect, it tells the consumer’s creditors and debt collectors that if they continue trying to contact them, they will be in violation of the law.
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