What is the “automatic stay” and why should I be concerned about it? Can I recover money for its violation?
You should be concerned about it for two main reasons: First, it protects you from the barbaric hordes (a/k/a your creditors) that are looking to dismember your financial existence. The automatic stay applies to almost all creditors (see exceptions below) and stays all activities that are intended enforce the repayment of a debt, or to make it uncomfortable or embarrassing for someone in order to enforce the repayment of an obligation. The automatic stay prevents anyone, or any entity, from pursuing legal recourse against a debtor, except for criminal fines or restitution (pay that bad check!). It does not get you out of child support (shame on you for even thinking that)! It does not get you out of spousal support (even if he/she does not deserve it!). It does not stop you for being arrested for not paying a criminal fine. It does not give you criminal immunity (wouldn’t that be nice?). It does not get you out of traffic tickets. It may in certain instances apply to parking fines (che
Related Questions
- What is the "automatic stay" and why should I be concerned about it? What can a person do if there is a violation of the automatic stay?
- What is the "automatic stay" and why should I be concerned about it? Can I recover money for its violation?
- Has ARRC been able to recover any money from the previous owner of the property, the federal government?
