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Tag Archives: automatic stay

How Does Bankruptcy Deal with a Deficiency Judgment?

Once a court grants a deficiency judgment to the creditor, the creditor may be able to take various actions to collect payment. The creditor can put a lien on your bank account or garnish your wages, depending on state laws. How long does the lender have to obtain a deficiency judgment? That depends on the… Read More »

What Are Motions from Relief of Stay?

Filing bankruptcy triggers an automatic stay, which is a court order called an injunction that prevents creditors from further debt collection efforts.  The stay usually halts foreclosure, repossession, wage garnishment, lawsuits, and other creditor actions against you. A motion for relief from stay is a motion that a creditor files with the court to relieve… Read More »