Debt Relief When You Need It Most
Are you behind on your debts and getting constantly harassed with phone calls from creditors? Is the repo man threatening to take your car? Has a foreclosure sale or sheriff’s sale been scheduled for your home? Under U.S. bankruptcy laws, you have a right to put a stop to all of this while you get your affairs in order.
At John T. Turco & Associates in Omaha, our skilled Nebraska and Iowa bankruptcy lawyers help clients get immediate protection from creditors by filing for bankruptcy. Contact us to schedule a free initial consultation to discuss your rights and options.
Stopping Creditor Harassment With the Automatic Stay
One of the most powerful protections offered by bankruptcy is called the automatic stay. The moment you file for bankruptcy, all efforts by your creditors to collect on your debts must cease. That means your bankruptcy petition has the following effects:
- Stops the foreclosure sale of your home or business
- Stops repossession
- Stops lawsuits
- Stops wage garnishments
- Stops freezing of your bank accounts
- Stops phone calls and letters
Some of these effects may be permanent. Others will last as long as you are under the protection of the bankruptcy court, which could last from a few months in a Chapter 7 bankruptcy to up to five years in a Chapter 13 bankruptcy.
Seeking the Protections That Make Sense for You
The different types of bankruptcy provide different types of relief from your creditors. If your debts are eligible for discharge under Chapter 7, filing bankruptcy should permanently stop all lawsuits, wage garnishment and harassment from your creditors.
Filing for Chapter 13 means buying time to pay back certain debts, such as late mortgage payments, on a schedule that works for you. It also means you will make your payments to a bankruptcy trustee and will not have to deal directly with your creditors while you are still under the repayment plan.
Either way, bankruptcy provides important protections that can help you get back on your feet. Contact us to learn how our attorneys can help you.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
