One of the biggest perks to the bankruptcy process is the protection from creditors. While most people filing for bankruptcy get to enjoy this peace and quiet from collection efforts, there are some instances in which bankruptcy cannot keep creditors away during your case.
Exceptions To The Rule
The automatic stay is a powerful bankruptcy tool that prohibits creditors from contacting you to make collection attempts, and even halts ongoing collection activity like foreclosures or repossessions. The protection through an automatic stay can apply to a range of creditor actions. However, the exceptions are:
- Unpaid child or spousal support payments.
- Back taxes or ongoing tax debt obligations.
- Pension loan payments.
- Criminal restitution payments.
There are a few other exceptions to the automatic stay protection rule. Filing for bankruptcy is a process that should be guided by a professional. Contact one of our Dallas bankruptcy attorneys to find out if your debts collections can be stopped in bankruptcy.