Bankruptcy Protection in Bakersfield: Automatic Stays

Comprehensive Bankruptcy Guidance in Bakersfield

If you are facing foreclosure or repossession, you may be wondering what options are available to you. Fortunately, there are bankruptcy protections that may be able to help you.

At Schwartz Law, we help people throughout California who are facing foreclosure or repossession. We can help you understand your options and whether filing for bankruptcy is the right choice for you.

Once you file for bankruptcy, an automatic stay will be issued. This will prevent foreclosure or repossession, and it will give you time to restructure your debts. You will also be protected from creditor harassment.

Call Schwartz Law at (661) 218-1118 or contact us online to learn more about how bankruptcy can help you.

What Is an Automatic Stay in Bankruptcy?

When you file for bankruptcy, an automatic stay will be issued. This will prevent foreclosure or repossession, and it will give you time to restructure your debts. You will also be protected from creditor harassment.

Automatic stays are typically issued immediately after you file for bankruptcy, and they remain in place until your bankruptcy case is over. You will need to file for bankruptcy within the following time frames to receive an automatic stay:

• Chapter 7: Within 180 days of when your bankruptcy case is filed
• Chapter 13: Within 45 days of when your bankruptcy case is filed

The automatic stay will last until your bankruptcy case is over. This means that you will be protected from foreclosure or repossession for the duration of your bankruptcy proceedings. However, it is important to note that if you file for bankruptcy after the automatic stay is issued, you still must wait until the stay expires before you can start the foreclosure or repossession process.

When Can Automatic Stays Be Modified?

In some situations, the automatic stay can be lifted. It is important to understand when automatic stays can be lifted so that you can understand when you may be vulnerable to foreclosure or repossession.

When an automatic stay can be lifted:

• You may be able to lift the automatic stay if you are trying to save your house or car
• You must file a motion with the bankruptcy court and explain why you need to lift the stay
• Other situations when an automatic stay can be lifted include:
  • You are trying to sell your property
  • You are trying to get a loan from a financial institution
  • You are trying to make payments on your car or mortgage

Consult a Bakersfield Bankruptcy Attorney Today

In most bankruptcy cases, the automatic stay will be issued immediately after you file for bankruptcy. However, there are some situations where the automatic stay may not be issued immediately. If this is the case, you may need to wait longer before you can receive protection from foreclosure or repossession.

If you are unsure whether you will receive an automatic stay, it is important to consult with a bankruptcy attorney. An attorney can help you understand your options and whether bankruptcy is the right choice for you.

If you are unsure whether you will receive an automatic stay, it is important to consult with a Bakersfield attorney who can help you understand your options and whether bankruptcy is the right choice for you.

Get Help from Bakersfield's Trusted Automatic Stay Attorneys

If you are facing foreclosure or repossession, you may be wondering what options are available to you. Fortunately, there are bankruptcy protections that may be able to help you.

At Schwartz Law, we help people throughout California who are facing foreclosure or repossession. We can help you understand your options and whether filing for bankruptcy is the right choice for you.

Call Schwartz Law at (661) 218-1118 or contact us online to learn more about how bankruptcy can help you with an automatic stay.