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Being a Las Vegas Lawyer I’m versed in working with both Chapter 7 and Chapter 13 personal bankruptcies. Regrettably, Las vegas can be considered 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. When filing bankruptcy, as a debtor, an automatic stay is enacted. What an automatic stay discourages creditors from doing certain actions. For example, once bankruptcy is filed a creditor cannot due the following: Commence or continue a lawsuit against you in any attempt to collect the financial obligations that you allegedly 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 be aware that if you are behind on payments, filing a Chapter 7 bankruptcy can temporarily stop the repossession of one’s car. But, the stay is just 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. Again, with a chapter 7 personal bankruptcy, it is only temporary. A chapter 13 bankruptcy can afford you more protection if 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 gets the discharge. This happens during when a chapter 7 bankruptcy is filed and a foreclosure and /or repossession is briefly stopped. After the debtor gets a discharge a creditor is then free to purse repossession and foreclosure on the debtor’s residence. Therefore, with an automatic stay, a personal bankruptcy can allow you to get your economic affairs together, supply you relief from bothering calls from creditors, and stop the garnishing of your wages. But, keep in mind in the case of a chapter 7 bankruptcy these results are only temporary. Being a Las Vegas Bankruptcy Lawyer I’m versed in working with both Chapter 7 and Chapter 13 personal bankruptcies. Regrettably, Las vegas can be considered 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.