By Jeff Field | Published May 11, 2026 | Posted in Bankruptcy | Tagged Tags: automatic stay, bankruptcy, foreclosure | Leave a comment
The automatic stay is one of the most powerful protections in bankruptcy. It typically takes effect immediately upon filing and stops most collection activity, including lawsuits, foreclosure actions and repossessions. For many filers, it provides immediate relief from creditor pressure. That protection is not unlimited, however. When someone files multiple bankruptcy cases within a short Read More
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A Chapter 7 bankruptcy is sometimes referred to as a liquidation because the court-appointed trustee has the power to sell a petitioner’s non-exempt assets to repay their creditors. That label tends to scare many homeowners who assume they will automatically lose their homes and the equity they have built. In reality, whether someone’s home equity Read More
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Repossession is always a risk when someone falls behind on the payments for their vehicle. Depending upon the terms of the purchase agreement, even a single missed payment can potentially spark immediate collection action. If someone knows that they’re in danger of losing their car or truck, they might wonder if filing for bankruptcy will Read More
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People who struggle with debt despite earning a higher-than-average income sometimes are told that they cannot file for Chapter 7 bankruptcy because they make too much. Indeed, the means test is used in Chapter7 proceedings to ensure that debt discharge only is granted to those who really need that type of relief. While the first Read More
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Running a small business is tough. Even very successful operations have times where revenue is not sufficient to meet financial obligations. Though the terms can be onerous, it is not surprising that many retailers and other companies turn to merchant cash advances when they need a quick monetary infusion. In these arrangements, the business receives Read More
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Old television shows and films often portrayed American homes as consisting only of parents and their minor children. In truth, there have always been households that included grandparents, aunts, uncles, stepchildren and others who were not part of the traditional nuclear family. Now, more attention is given to the “modern family” that has countless variants. Read More
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If you’re unable to meet your debt obligations, reaching out to a bankruptcy lawyer might start you on the path back to financial freedom. Many people in Georgia and across the United States opt for a Chapter 7 proceeding, which allows filers to discharge their nonexempt debts. This is a powerful solution, but is not Read More
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Tough financial times can prompt someone to revise longstanding plans in order to make ends meet. When creditors are calling and no other potential solutions seem available, you might be tempted to tap into your retirement assets rather than filing for bankruptcy. Though this might seem like a reasonable decision, it can have serious negative Read More
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With so much attention on enforcement of immigration laws, individuals seeking United States citizenship through the naturalization process and other green-card holders might wonder if they are eligible to obtain bankruptcy protection. Fortunately, this form of relief from overwhelming debt is available to non-citizens. According to federal law, anyone who resides, or is domiciled in Read More
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Serious debt problems don’t just harm one’s financial status. More than 70 percent of Americans experience stress over money issues according to the American Psychological Association, and if you’re facing harassing calls from creditors, the pressure can seem relentless. Fortunately, bankruptcy offers a legal and lasting solution to many people struggling with burdensome debt. There Read More
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