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Automatic Stay

January 24, 2013 // Uncategorized

When a debtor files a bankruptcy petition, an automatic stay is instantly created. An automatic stay is a court order that protects a debtor from his or her creditors. The law requires creditors stop any attempts to collect or recover any debt that arose prior to the filing date. However, the law allows some creditors…

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Secured Debts

January 24, 2013 // Uncategorized

In a typical Chapter 7 bankruptcy case most, if not all, of your unsecured debts will be cancelled. If you have any secured debts, some additional steps might be necessary. When you come to the Law Office of Yelena Kalika, she will help you determine whether any of your debts are secured debts and advise…

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Declaring Bankruptcy

January 24, 2013 // Uncategorized

Chapter 7 bankruptcy is usually considered an easy and quick way to have your debts discharged. However, your situation may be different and you should call the Law Office of Yelena Kalika before you take any actions. She will assist you in determining which type of bankruptcy protection is right for you. She will also…