Tuesday, September 22, 2020

How Long does the Automatic Stay Last?

The automatic stay and its protections abide by certain rules which govern how long it can last. If you attempted to file for bankruptcy within the past year and that case was dismissed, then the automatic stay can only last for 30 days, but can be extended by the bankruptcy court if the case was filed in good faith. If you attempted to file for bankruptcy several times within the past year and those cases were dismissed, then the automatic stay will not go into effect unless you are able to demonstrate that your current attempt to file is in good faith. If you haven’t had any bankruptcy cases dismissed within the past year, the automatic stay ends at the earliest of the possible following events in your case: the date your case is closed, the date your case gets dismissed, the date you receive or are denied discharge, and the date on which a court order ending the stay becomes effective.

If you have any questions or concerns about whether or not another attempt to file would be in good faith, it is recommended you set up a consultation with a local bankruptcy attorney to discuss your financial situation.

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