Call us today : 248-927-2755

Two Ways Filing for Bankruptcy Provides Immediate Relief

Bankruptcy is designed to offer relief to debtors who have gotten in over their heads. For many debtors, the most immediate relief comes in the form of the automatic stay.

The automatic stay is an injunction that goes into place as soon as your bankruptcy petition is filed. It serves to put an immediate halt to most collection actions – including those harassing phone calls, text messages and letters. However, that’s not all that the automatic stay can do to help you. Consider the following.

You may be able to stall foreclosure or eviction

Are you in danger of losing your dwelling place through foreclosure or eviction? The automatic stay can halt the foreclosure process in its tracks (although that may not be permanent). Depending on what type of bankruptcy you file and your ability to catch up the arrears on your mortgage, you may be able to keep your home. If not, you will at least gain some time to make a plan and gather the funds to move.

If you’re a renter who is behind on your payments, the automatic stay may prevent your eviction – but only if the landlord hasn’t already received a court-ordered judgment that allows them to proceed.

You can avoid wage garnishments

Wage garnishments over debts are incredibly frustrating. When you’re already struggling financially, having a creditor take a cut of your pay before you even see it can deprive you of the ability to keep the utilities on and feed your family. Plus, many debtors find it humiliating to have their employers find out about their debts.

The automatic stay can stop many debt-related wage garnishments, which puts money back in your pocket and gives you a chance to rebuild. (You cannot use bankruptcy to stop certain kinds of garnishments, like those for child support or alimony).

When a creditor hounds you about a debt you can’t pay, it doesn’t accomplish very much – except make it harder to think and harder to see your way out of the financial hole that you’re in. If that’s your situation, it may be time to explore new debt relief options.

Let’s Talk AboutYour Financial Future. Call For A Consultation.

For trusted help in matters of bankruptcy, estates, business, taxation or real estate, we encourage you to contact us for a no-obligation consultation. During our first meeting at our Royal Oak office, over the phone or via videoconference, you will be introduced to your main point of contact who will work closely with you throughout your case. We will take the time to listen to your story, answer your questions and develop a plan for success. No judgment, just advice geared toward your financial goals backed by decades of experience.

Please call 248-927-2755 or send us an email to learn more or to schedule an appointment. We look forward to serving you.

Gudeman & Associates, P.C.

Contact The Office


1026 W. Eleven Mile Rd.
Royal Oak, MI 48067


New Clients: 248-927-2755
Existing Clients: 248-546-2800
Please enable JavaScript in your browser to complete this form.


Mon - Fri: 9:00 AM to 5:30 PM
Sat: - 9:00 AM to 1:00 PM


1026 W. Eleven Mile
Royal Oak, MI 48067

Email Us Today
Map Us