So, what you're saying is the consumer proposal or
bankruptcy puts a stop to the debts.
However, filing
bankruptcy puts a stop to that kind of activity through a provision known as the automatic stay.
Not exact matches
Bankruptcy (either Chapter 7 or Chapter 13)
puts a
stop to any collection proceedings, including lawsuits, through the power of the automatic stay.
The 180 - day wait period
to refile a dismissed
bankruptcy case was
put in place because of the power of the automatic stay and its ability
to stop creditors in their tracks.
However, filing
bankruptcy will
put an immediate
stop to all collections.
Chapter 7 and 13
bankruptcy will
put a
stop to all collection actions by creditors, including foreclosures, repossessions, and garnishments.
If you are about
to be garnished, or if you have already been garnished, both a personal
bankruptcy and a consumer proposal can
put an immediate
stop to this garnishee.
There is a fast and easy way
to put a
stop to any foreclosure action, auto repossession, and creditor harassment: by filing for a Minnesota
bankruptcy with the experienced
bankruptcy specialists at Kain & Scott!
It should be noted that filing for
bankruptcy will
put an immediate
stop to wage garnishment and affords some debtors the opportunity
to recoup funds that have been taken by garnishment.
Another way Chapter 7
bankruptcy helps you get your life back is that it
puts an immediate
stop to all the harassing phone calls and letters from collection agencies.
First, the automatic stay
puts a
stop to collections, phone calls and letters during the
bankruptcy case.
In addition
to debt relief, filing
bankruptcy can
put a
stop to foreclosure proceedings, wage garnishment, lawsuits, creditor phone calls and collection letters.
Filing for
bankruptcy will
put a
stop to the foreclosure process because all creditors must
stop the collection process.