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Glossary: Automatic Stay

By Bankruptcy Attorney on Nov 2, 2008 in Bankruptcy Protection & Automatic Stay

AUTOMATIC STAY: As soon as a bankruptcy is filed, the Bankruptcy Court enters an Order that immediately stays, or stops, all collection actions against you. This means that foreclosures, garnishments, attachments, lawsuits, collection calls and letters, and even regular monthly bills are stopped.

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From Bankruptcy Stops Garnishment | Kansas Bankruptcy Law Information | Apr 19, 2009

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