Call Us
705 Douglas St. Suite 635 Sioux City, Ia 51101

Often, but not always, or at least not always for very long. The automatic stay will give you time to catch up and/or work out arrangements with secured creditors by temporarily stopping repossessions and forclosures. If you and the creditor cannot work out an arrangement in a reasonable amount of time, the creditor may move to lift the automatic stay in order to be able to proceed with the repossession or foreclosure. In addition, by stopping garnishments and eliminating the need to pay on unsecured debt, bankruptcy can free up additional income to help catch up on house and car payments.