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In bankrutpcy, there is something called an automatic stop imposed by the court. This is the main thing many look/file for at first. It means attempts to collect the debt must end. The court takes over handling the claims of the creditors. The creditors really can't even speak to the debtor. The action you refer to lifts that protection, so a creditor can continue collection actions...normally foreclosure or repossession.
What else can I help you with?
In my chapter 7 bankruptcy I have received a Motion for Relief from Stay and Abandonment on my Vehicle. Are they taking my vehicle?
That's a pretty good indicator of their intent.
How do you file a rebuttal for relief from bankruptcy stay?
You file an objection to the motion for relief.
Can a relief of stay be overturned?
Sure...but with reason
What is a relief from automatic stay?
Relief allows the creditor to continue collection actions/foreclosure/repossession.
Are banks willing to provide some debt relief so that I am able to stay in my home?
No, the government on the other hand will provide some debt relief so that I am able to stay in my home
Can the creditor continue to collect after a 'Motion For Relief Of Stay' is granted?
Yes.
What is the law for marriage abandonment in Arkansas?
what is wrong when your wife go away to family an stay for 6 mo then come and do not have anything to do w
What does motion for relief relief from stay fee amount 150.00 filed by creditor Iowa law?
When you filed your bankruptcy, the court issued an automatic stay which prevents any creditor from moving forward with collection efforts. For whatever reason, this particular creditor wants to proceed with collection and it must request the permission of the bankruptcy court by filing the motion for relief from automatic stay.
Maryland law on property abandonment?
if brother left home for over two years and i stay and payed bills do he have a right to property . what are my rights.
What is a sentence using the word 'abandonment'?
The abandonment of the project left him with mixed feelings. The house is falling down because of its abandonment. The child's abandonment left him scarred for life.
Can you sell your home after the relief to stay is granted?
Yes, you can sell your home after a relief to stay is granted, but you should consider the specific circumstances of your case. If the relief to stay is related to a legal matter, such as bankruptcy or foreclosure, you may need to address any restrictions or obligations that apply to the property. It's essential to consult with a legal professional to understand any potential implications on the sale process.
Releif from Automatic Stay?
If relief from automatic stay has been lifted against you, the creditor may now proceed to collect the debt.
