The Automatic Stay

Many people file for bankruptcy because they are being threatened with foreclosures, repossessions, and the like. When they file for bankruptcy, they receive an automatic stay for many of these things. The automatic stay puts a freeze on all actions being taken by creditors. It offers protection, at least temporarily, for the debtor to get his or her financial affairs in order.

The Austin bankruptcy attorneys of Slater, Kennon & Jameson, LLP are very experienced with bankruptcy law. It can be complex and confusing, and we are here to guide you through the complicated process. For more information, call us at 512-338-1100.

The Scope of the Automatic Stay

The automatic stay can postpone utility disconnections, evictions, and foreclosures. In almost all cases, though, the creditor will be able to continue those proceedings at a later time.

An automatic stay does not help with most tax demands from the IRS, any support payments (child support or alimony), and any criminal proceedings.

Many creditors get around the automatic stay by asking the court to “lift” the stay, and they are often granted. If the court determines that the stay is not serving its intended purpose, then they will allow the creditor to continue in the process.

Contact Us

If you are considering bankruptcy, or if you have any questions about the issues related to filing for bankruptcy, the experienced lawyers of our firm can help. For more information, contact the Austin bankruptcy attorneys of Slater, Kennon & Jameson, LLP by calling 512-338-1100 today.