ADVANTAGES OF A  CHAPTER 13 BANKRUPTCY   Chapter 13 Bankruptcy is for individuals with regular income to develop a plan to repay all or part of their debts. How does it help? ⁠ 🛑 Stop Foreclosures⁠ 🛑 Stop Sheriff Sale ⁠ 🛑 Stop Wage Garnishment⁠ 🛑 Stop Bank Levies⁠ 🛑 Stop Collection Activity ⁠ 🛑 Stop Repossession ⁠ 🛑 Stop Lawsuits⁠ ⁠ How do they stop ❓ ⁠ ⁠ By the AUTOMATIC STAY ❗❗❗❗⁠ ⁠ Immediately after a bankruptcy case is filed, an injunction (called the "Automatic Stay") is generally imposed against all creditors who want to start or continue taking action against a debtor or the debtor's property .⁠ ⁠ As long as the stay is in effect, creditors generally may not initiate or continue lawsuits, wage garnishments, or even make telephone calls demanding payments.⁠ ⁠ If creditors violate the automatic stay they can have serious repercussions ❗⁠ ⁠ ☎️ CALL OUR OFFICE IF YOU NEED TO PUT A STOP ON YOUR CREDITORS ❗ 732-866-6655⁠