Stopping Collection Calls, Foreclosure and Wage Garnishment in Hennepin County and Minneapolis

Are you facing foreclosure or wage garnishment due to outstanding debts and hassling creditors? Are you constantly hounded on the phone with collection calls? Creditors are unrelenting in their pursuit of payment. If you find yourself facing mounting debt, foreclosure, and wage garnishment, filing for bankruptcy could be the best solution.
Filing for bankruptcy in Hennepin County and Minneapolis immediately enacts an automatic stay. Regardless of whether you file in Chapter 7 or in Chapter 13, an automatic stay goes into effect to block creditors from contacting you and legally halts all attempts at debt collections, including wage garnishment and foreclosure. Contact the bankruptcy lawyers at the law office of Solvent PLLC, serving Hennepin County and Minneapolis. Our lawyers have decades of experience to stop those collection calls, foreclosures, and wage garnishments.

What is an Automatic Stay?

An automatic stay is applicable to all chapters of the US Bankruptcy Code. As soon as you file for bankruptcy, your outstanding payments and all attempts at collections against you will be legally halted. Your creditors will be immediately stopped, and you will have time to make a plan with your lawyer without the additional stress of impending foreclosure, wage garnishment, or hassling collection calls.
An automatic stay also prevents creditors from taking you to court, collecting your assets, property, and other collateral.

How an Automatic Stay Can Help

Filing for bankruptcy and enacting an automatic stay can give you and your lawyer the time you need to restructure your debts and come up with a suitable repayment plan. With collections calls, foreclosure proceedings, and wage garnishment stopped, you will have the time to research alternatives. You may end up selling your property or renegotiating your mortgage.
If filing in Chapter 13, your debts can be restructured into your repayment plan, which typically lasts three to five years. The automatic stay defends against foreclosure and wage garnishment and gives you the time to stay in your home and begin to pay your loans on a new plan. Your lender will be legally forced to accept your new payment schedule.

Stopping Collection Calls, Foreclosure, and Wage Garnishment - Hennepin County and Minneapolis

If you file in Chapter 7, which emphasizes liquidation, you will not be restructuring and repaying your debts. However, the period of automatic stay before your debts are discharged will halt all foreclosure proceedings and wage garnishment, giving you time to discuss options with your lawyer.

The lawyers at Solvent PLLC in Hennepin County and Minneapolis know that financial situations are unique and variable. Our lawyers can help you get your automatic stay in place while guiding you through the process of bankruptcy.

Call Solvent PLLC in Hennepin County and Minneapolis Today

The bankruptcy attorneys at the law office of Solvent PLLC are skilled in navigating the complexities of personal finances. Our lawyers know facing bankruptcy can be a stressful situation and handle every unique case with care. If you are being hassled by creditors or are facing foreclosure and wage garnishment, call Solvent PLLC in Hennepin County and Minneapolis for a consultation. Get your financial freedom back. Call today.