MYTH: if you have been SUED by a creditor it is TOO LATE to file for bankruptcy.

MYTH: if you have been SUED by a creditor it is TOO LATE to file for bankruptcy.
TRUTH: Truth: Bankruptcy will immediately STOP a lawsuit, foreclosure, sherrif sale, levy and/or wage attachment. The Automatic Stay under section 362 of the Bankruptcy Code is a very powerful provision. This Section of the Bankruptcy Code directs all creditors of a debtor to cease collection activies. There is very little "wiggle room" or exception to this section of law, meaning that it routinely stops a lawsuit or judgement collection in its tracks.

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Education

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• Section 362 Bankruptcy Code
• Bankruptcy Myths
• Bankruptcy Lawsuit
• Erie Bankruptcy Lawyer
• Foster Law Offices
• Meadville Bankruptcy
• Warren Bankruptcy
• Mr Debt Buster