What is automatic stay?

Automatic stay is a type of financial protection that is enacted when you file for bankruptcy. It halts all debt-collection actions taken by your creditors, including foreclosure proceedings, wage garnishments, repossessions, and collection calls. Creditors are banned by law from filing a new suit against you and from continuing to badger you for money.

If you would like to learn more about automatic stay, contact Tacoma, Seattle, Kirkland, Bellevue, Bremerton, Everett bankruptcy lawyer Ryan Nykamp today at 425-289-9873.