The "Automatic Stay" protects you from ALL collection activities and harassment by ALL your creditors. Your creditors will NO LONGER be allowed to:

Harass you by telephone

Send you collection letters

File a lawsuit

Proceed with an existing lawsuit

Repossess your house

Start a wage garnishment or continue with a wage garnishment

The "Automatic Stay" is a powerful shield that provides you with peace of mind. It allows you to continue with your day-to-day life, no longer having to worry about creditors and their annoying telephone calls and is the first step to a FRESH START with your finances. 

Who can file CHAPTER 7?

Under the new law, if your income and expenses meet certain guidelines, demonstrating that you are unable to pay your debts, you can usually file Chapter 7. Generally, you can file Chapter 7 if you pass what is known as the "means test".

The first method of passing the "means test" is by demonstrating that your income is below a certain median level. Your "income", for bankruptcy purposes, is the total gross income received from all regular sources over the past six months, divided by 6, then multiplied by 12. If your "income" is lower than the most recent median income figures (published by the Census Bureau and adjusted for inflation each year), for your family size and state, you are eligible to file Chapter 7.