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E. MICHAEL VEREEN III:
BANKRUPTCY AND AUTOMATIC
STAYS
BANKRUPTCY AND AUTOMATIC STAYS
Debtors who file for bankruptcy can seek an automatic
stay, which protects them from civil lawsuits. This provision
prevents creditors from pursuing new judgments against the
party who has filed for bankruptcy protection. In many
cases, once a debtor has filed for bankruptcy, entities who
are owed money are unlikely to receive repayment in full
for the debt owed. More commonly, creditors will receive a
proportional share of the debtor's divided assets. The party
filing for bankruptcy has the right to sue creditors who
continue debt collection activities after an automatic stay
is granted. Some debts, such as child support payments,
remain exempt from an automatic stay and require
payment regardless of a bankruptcy filing.
BANKRUPTCY AND AUTOMATIC STAYS
As a lawyer who focuses on DUI, criminal defense,
and consumer bankruptcy, E. Michael Vereen III
started his own practice in Canton, Georgia, in 1989.
Outside of the office, he enjoys spending time with his
family and coaching a variety of youth sports.
Contact E. Michael Vereen III, attorney at law, by
phone at 770-345-9449 or on the Web at
vereenlaw.com.

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E. Michael Vereen III: Bankruptcy and Automatic Stays

  • 1. E. MICHAEL VEREEN III: BANKRUPTCY AND AUTOMATIC STAYS
  • 2. BANKRUPTCY AND AUTOMATIC STAYS Debtors who file for bankruptcy can seek an automatic stay, which protects them from civil lawsuits. This provision prevents creditors from pursuing new judgments against the party who has filed for bankruptcy protection. In many cases, once a debtor has filed for bankruptcy, entities who are owed money are unlikely to receive repayment in full for the debt owed. More commonly, creditors will receive a proportional share of the debtor's divided assets. The party filing for bankruptcy has the right to sue creditors who continue debt collection activities after an automatic stay is granted. Some debts, such as child support payments, remain exempt from an automatic stay and require payment regardless of a bankruptcy filing.
  • 3. BANKRUPTCY AND AUTOMATIC STAYS As a lawyer who focuses on DUI, criminal defense, and consumer bankruptcy, E. Michael Vereen III started his own practice in Canton, Georgia, in 1989. Outside of the office, he enjoys spending time with his family and coaching a variety of youth sports. Contact E. Michael Vereen III, attorney at law, by phone at 770-345-9449 or on the Web at vereenlaw.com.