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Filing bankruptcy stops creditors’ collections against you immediately. But sometimes a creditor tries to get permission to collect anyway.

In our last 10 blog posts we’ve been talking about the “automatic stay.” It is one of the most important and immediate benefits of bankruptcy. The automatic stay stops most kinds of creditor attempts to collect their debts against you, your income, and your assets.

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In a Chapter 7 “straight bankruptcy” you can usually “assume” your lease agreement. But you have to get current fast and keep current.

In our last blog post we established that your landlord can’t end your lease just because you file bankruptcy. That’s true even if your lease agreement clearly says that filing bankruptcy itself constitutes a breach of the agreement. But what if you are in breach of your lease agreement in other ways, such as being late on rent payments? Can bankruptcy still help you stay in your rental?

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During the last 13 blog posts we’ve covered the automatic stay—crucial protection that filing bankruptcy gives you. Here’s a helpful summary.

1. The Basic Protection

The automatic stay is the very strong legal protection from your creditors you receive when you file a bankruptcy case. The automatic stay stops virtually all attempts by creditors to collect their debts against you, your money, and your property. It goes into effect at the moment you or your lawyer files your bankruptcy case. (See Section 362(a) of the U.S. Bankruptcy Code.)

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Don't jeopardize an indispensable benefit of filing bankruptcy--immediate protection from your creditors.

Losing the Entire “Automatic Stay”

We’ve been going through a series of blog posts about the different important twists and turns of the “automatic stay.” That’s the protection from creditor collections that goes into effect the moment you and your bankruptcy lawyer file your case.

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Posted on in Automatic Stay

A creditor might want to pursue your co-debtor, protect itself from violating the stay, or take some other action other than collect money.

So far we’ve covered four reasons why creditors ask for “relief from stay” other than for permission to repossess collateral. Creditors seek permission to finish a lawsuit or other legal proceeding to determine:

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