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Being a Las Vegas Lawyer I am versed in dealing with both Chapter 7 and Chapter 13 bankruptcies. Unfortunately, Vegas can be viewed as the Bankruptcy capital of the US. So, before considering filing for a Las Vegas Bankruptcy you should know what bankruptcy can do for you. This post is a brief essay about the automatic stay in Bankruptcy. Upon filing bankruptcy, as a debtor, an automatic stay is enacted. What an automatic stay prohibits creditors from doing certain measures. For instance, once bankruptcy is filed a creditor cannot due the following: Begin or continue a lawsuit towards you in any attempt to collect financial obligations that you presumably owe. Continue with any collection calls. Once personal bankruptcy is filed a collection agency must cease and desist all attempts to collect any supposed debts. All repossessions must stop. Please note that if you’re behind on payments, filing a Chapter 7 bankruptcy can in the short term stop the repossession of one’s car. But, the stay is only non permanent. The creditor’s can be able to reposess your car if they decide to file a request to lift the automatic stay. Filing bankruptcy can stop the foreclosure sale of your property. Once again, with a chapter 7 personal bankruptcy, this is temporary. A chapter 13 bankruptcy can afford you more protection in case your goal would be to stop a foreclosure sale. Filing bankruptcy can stop the garnishment of one’s wages. This automatic stay will last until the following: 1. At the request of the creditor, the judge may lift the automatic stay. 2. The item of property no longer is associated with the person declaring personal bankruptcy. 3. The debtor receives the discharge. This occurs during when a chapter 7 bankruptcy is filed and a foreclosure and /or repossession is temporarily halted. After the debtor receives a discharge a creditor is then free to purse repossession and foreclosure on the debtor’s residence. So, with an automatic stay, a personal bankruptcy can allow you to get your financial affairs together, supply you relief from bothering calls from creditors, and stop the garnishing of your salary. But, remember in the case of a chapter 7 bankruptcy these outcomes are only short-term. Being a Las Vegas Bankruptcy Lawyer I am versed in dealing with both Chapter 7 and Chapter 13 bankruptcies. Unfortunately, Vegas can be viewed as the Bankruptcy capital of the US. So, before considering filing for a Las Vegas Bankruptcy you should know what a bankruptcy does. This post is a brief essay about the automatic stay in Bankruptcy.