Automatic Stay to Prevent Creditor Lawsuits
- July 29, 2016
- Thomas Adam
- Bankruptcy
If you’ve fallen behind on credit card, mortgage, or other payments on debt, it’s easy and natural to ignore the problem. This is particularly true if you don’t currently have the money to pay off the debt. You might be thinking if you just wait and ignore the collection calls, eventually you will have the funds to pay off the debt. That strategy does buy you time, but at the expense of interest accruing and of stress. And, unfortunately, eventually the creditor usually gets fed up and [...]