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Bankruptcy’s Automatic Stay

When filing for bankruptcy, debts can be wiped out either after having certain assets liquidated or making payments following an approved debt-repayment plan. If you want to learn more about the types of bankruptcy apt for specific types of debt, or how to avail of automatic stay, For more information contact our bankruptcy lawyers and Call us at 720-899-3852.

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Bankruptcy’s Automatic Stay

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  1. Bankruptcy Protection for Filers Under Chapter 7 or Chapter 13 A person struggling financially will likely consider working on a bankruptcy case to address his or her financial problems. Depending on the specific circumstance of the bankrupt individual, filing for bankruptcy can help stop repossession, foreclosure, and wage garnishment. Why Many Individuals are Filing Bankruptcy Cases Filing bankruptcy is not a simple task. There are multiple steps involved, such as undergoing the required bankruptcy counseling, taking the means test, or preparing a debt repayment plan that will run for three or five years. Contact Us The Law Office of Clark Daniel Dray 9233 Park Meadows Dr, Lone Tree, CO, 80124, United States contact@draylegal.com 720-899-3852 www.debtfreecolorado.com

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