Automatic Stay

Bankruptcy And Taxes

Call: 888-297-6203 The taxman is exiled by bankruptcy. Bankruptcy might offer protection from the taxman. In Chapter 13, taxes and penalties that cannot be discharged can be paid in whole without incurring interest. Chapter 13 bankruptcy offers a repayment schedule that shields the debtor from collection efforts during the case and dismisses nearly all outstanding debts at the conclusion. The debtor draughts that payment schedule; based on the debtor's earnings and assets, creditors may only receive a small portion of their debt as repayment. Any chapter of bankruptcy includes an inherent injunction known as the automatic stay. A [...]


The Power Of The Automatic Stay

Call: 888-297-6203 Any chapter of bankruptcy includes an inherent injunction known as the automatic stay. A court order prohibiting the continuation of any action by any creditor against the debtor or the debtor's property is issued as soon as a bankruptcy case is filed. As soon as creditors and bill collectors become aware of a bankruptcy filing, they must stop all collection efforts. Even if the creditor hasn't received official notice or a copy of the filing, the stay is still enforceable. Saying "I haven't received notification from the court" is not a valid defence. Even co-debtors who [...]


Relief From The Automatic Stay Of The Bankruptcy?

Call: 888-297-6203 Most measures taken against a debtor or their property are immediately postponed (put on hold) when a bankruptcy petition is filed. Even if the creditor is unaware of the stay at the moment, it is still in effect. The stay applies to things like garnishing wages, litigation, and foreclosures. The stay is intended to protect the debtor's assets and allow them some time away from the court case. When is "relief" from that stay available to creditors? A creditor must demonstrate to the bankruptcy judge that there is "cause" for the granting of relief in order to [...]


Claims For Relief And Damage For Violations Of Bankruptcy Automatic Stay Or Discharge Injunction

Call: 888-297-6203 Taxpayers to believe that the IRS has violated the bankruptcy Automatic Stay or discharge injunction can file claims with the IRS for relief and damages. The filing of the claim with the services is a prerequisite for seeking damages. See 26 U.S.C. §§ 7430(a) and (b)(1), 7433(d)(1) and (e). Regulations provide that such claims should be sent in writing to the Chief, Local Insolvency Unit, for the judicial district in which the taxpayer filed the underlying bankruptcy case giving rise to the alleged violation. See 26 CFR § 301.7433-2(e). These bankruptcy-related claims can be mailed to: [...]


All That You Must Know About Bankruptcy

Call: 888-297-6203 When an individual is lagging behind in bill payments (A huge sum) with no foresee of getting it cleared off soon, it is best to get a fresh start by filing for bankruptcy legally. Filing for bankruptcy helps you get rid of all your unsecured debts and also stops all collection calls by giving you an automatic stay. The individual who files for bankruptcy is known as the debtor. When you file for bankruptcy, you get- Discharge from most of your debts (exceptions are there) Prevent foreclosure on the property Buy time to catch up on [...]


Automatic Stay Stops Creditors in Their Tracks

Call: 888-297-6203 When you have fallen behind on your dues, there is no way of preventing the threatening actions of creditors. You will end up facing harassing phone calls and threatening emails seeking legal action against you. Dallas based bankruptcy law firm Recovery Law Group, say that filing for bankruptcy can be the best way to not just get rid of this nuisance but also of a large amount of unsecured debts which are holding you back. Once you file for bankruptcy, the court orders the automatic stay order to be served to all the creditors listed in [...]


Automatic Stay – Way to Stop Your Creditors

One of the best advantages that bankruptcy can offer debtors is an automatic stay. this puts an immediate end to all collection actions and any civil lawsuit filed against you by the creditors, government or collection agencies. The upside of the automatic stay as per Los Angeles based bankruptcy law firm Recovery Law Group  is that it can help you prevent being evicted or protect your property from being repossessed or foreclosed on, utilities being disconnected or wage garnishment. For more information on automatic stay, call 888-297-6023 and speak with bankruptcy lawyers. What can automatic stay prevent? The [...]


Benefits of Automatic Stay during Bankruptcy

Many people do not realize when they have incurred heavy debts thereby leaving bankruptcy as the last resort. However, not many people are aware that bankruptcy offers a lot of protection to debtors. One of the most important tools of bankruptcy is the automatic stay, which helps stop all actions taken by collection agencies to collect dues from you. In case you are facing eviction issues, foreclosure or repossession problems, due to losing utility or benefits, or are unable to make child support problems; automatic stay comes to the aid of you and your family, in this time [...]


How Can Automatic Stay Help People Filing For Bankruptcy?

Bankruptcy is a daunting word, especially for those who are facing acute financial problems. Filing for bankruptcy does not come easy for people. However, it is surprising that many people are unaware of the fact that a number of options are available for people that can help you during this process. The automatic stay is one of the biggest arsenals in the kitty for people who file for bankruptcy. However, not much is known about this tool. The automatic stay is a part of all bankruptcy cases and helps stop all creditors and debt collection agencies from taking [...]