Chapter 13 Bankruptcy and the Automatic Stay

If you are in the middle of a financial crisis, you may be under a great deal of stress and external pressure. In times of economic difficulty, millions of other Americans are going through difficult financial times as well. Trying to pay off debt when regular bills continue to come in can feel very overwhelming. Thankfully, bankruptcy is one option that may be able to help you get out of the cycle of debt. Filing for bankruptcy can also help you avoid harassing phone calls from creditors and bill collectors by granting an automatic stay.

To learn more about bankruptcy in the state of Florida, contact the Boca Raton Chapter 13 bankruptcy lawyers of Eric N. Klein & Associates, P.A., at 561-353-2800 at your earliest convenience. Our experienced legal professionals can help you work through these difficulties and reach your financial goals.

Understanding the Automatic Stay

An automatic stay helps to protect you from creditors who are trying to collect on debts. If you file for bankruptcy, the automatic stay blocks creditors from collecting on debts while you are restructuring your finances.

From the time you file for Chapter 13 bankruptcy, the automatic stay becomes active. At the time of filing, you will present a document that shows how you intend to pay back debts during the period of bankruptcy. This Chapter 13 automatic stay remains active until your debt is discharged or until the end of your repayment schedule.

Contact Us

If you or a loved one is considering bankruptcy, contact the Boca Raton Chapter 13 bankruptcy attorneys of Eric N. Klein & Associates, P.A., at 561-353-2800 today for a free consultation.