{"id":1415,"date":"2023-08-30T11:31:26","date_gmt":"2023-08-30T11:31:26","guid":{"rendered":"https:\/\/scottharrislaw.com\/?p=1415"},"modified":"2023-09-21T11:40:12","modified_gmt":"2023-09-21T11:40:12","slug":"losing-the-automatic-stay-for-repeat-bankruptcy-filings","status":"publish","type":"post","link":"https:\/\/scottharrislaw.com\/losing-the-automatic-stay-for-repeat-bankruptcy-filings\/","title":{"rendered":"Losing the Automatic Stay for Repeat Bankruptcy Filings"},"content":{"rendered":"
Filing for bankruptcy in Oklahoma City? You’re not alone. Every year, many residents grapple with financial hardships, seeking relief. However, a familiar yet little-known snag surfaces \u2013 losing the automatic stay for repeat bankruptcy filings in Oklahoma.\u00a0<\/span><\/p>\n Scott Harris Law, PLLC, has walked countless individuals through these complexities, equipped with <\/span>deep insights into Oklahoma’s bankruptcy law<\/span><\/a>. Their adept understanding has guided many to make informed choices tailored to their unique situations.\u00a0<\/span><\/p>\n If you’re treading these financial waters, contact Scott Harris Law, PLLC, for a free consultation and ensure you’re armed with the best guidance.<\/span><\/p>\n When someone files for bankruptcy, a legal protection called an <\/span>automatic stay<\/span><\/a> immediately comes into play. The automatic stay is a court order that stops most creditors from pursuing collection activities against the debtor. This means that for a time, actions like foreclosures, wage garnishments, and even those pesky collection calls come to a pause, offering the filer some breathing space.\u00a0<\/span><\/p>\n The automatic stay is one of the immediate benefits that kicks in the moment a person files for bankruptcy, whether it’s under <\/span>Chapter 7<\/span><\/a> or <\/span>Chapter 13<\/span><\/a>. Its primary role is to offer a temporary respite from creditors. Here’s how it works:<\/span><\/p>\n Filing for bankruptcy<\/span><\/a> more than once within a specified period can affect the protections the automatic stay offers. For those considering a repeat filing, understanding these effects is necessary. Here’s a closer look:<\/span><\/p>\n Lifting an automatic stay is an important moment in the bankruptcy process. Let’s delve into the aftermath of such an event:<\/span><\/p>\nWhat is an Automatic Stay?<\/span><\/h2>\n
How Does the Automatic Stay Work?<\/span><\/h2>\n
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What is the Effect of Repeat Bankruptcy Filing on the Automatic Stay?<\/span><\/h2>\n
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\nWhile the bankruptcy system is designed to relieve those in financial distress, it also has measures to ensure its fair use. For repeat filers, understanding the implications of the automatic stay is critical. Contact our bankruptcy attorney today for legal guidance.<\/span><\/p>\nWhat Happens After an Automatic Stay is Lifted?<\/span><\/h2>\n
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