Automatic Stay
This court order is for those annoying bill collectors (creditors) to stop destroying your credit and to stop harassing you, once bankruptcy is filed. If your creditors fail to file a motion to continue collection efforts, then you can sue. If they file a motion, then you (the debtor) can oppose the motion at a hearing in front of a judge.
An automatic stay can prevent you from getting kicked out of your home (foreclosure or eviction), and your lights from getting cut off.
However, this injunction cannot protect you from the IRS (of course). There's some other areas that lie beyond its power as well. Things like child support, criminal proceedings and loans from a pension. If you file bankruptcy, once notified, creditors will automatically stay off your credit.
Related or Semi-related Video
Finance: What is Chargeback?2 Views
Finance a la shmoop what is a chargeback? oh people it's death by credit card for [Person swipes credit card]
the company the company who sold you a $25 a month
JDate platinum account membership and now you're disputing that charge
claiming it's false especially to your husband and you are charging back that
25 bucks to the kindly loving people at JDate they note that this is a huge
problem for them because if they violate a given ratio of chargebacks to
successful uncontested charges say that threshold is 2% of all charges being
charged back well then JDate runs a very high risk that their ability to even use
the credit card system will be taken away by the credit card companies that [Man discussing chargebacks]
is Visa MasterCard and AMEX could collectively say we don't want you [VISA, Mastercard and AMEX appear together]
anymore as a client and if they do that unless they're ready to take cash in the
mail or paper checks which is well just not how people buy things on the [Person places check in the mail box]
internet stripe, Square, Apple pay, PayPal venmo all those services combined make
up like 5% or less of all payments made online why well simple people like their
plastic so yeah charge backs are a dangerous thing for little companies
when they go wrong and for consumers they're a big fat weapon to go get your [Woman carrying rocket launcher of charge buybacks]
charges back and it's a bad thing when all this goes wrong just like online
dating you want to be careful out there people
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