Can You Lose an Automatic Stay for Repeat Bankruptcy Filings?

So, you’ve already filed for bankruptcy. With the automatic stay in effect, creditors, especially the abusive ones, wouldn’t be able to bug you. However, it’s inevitable to face renewed financial difficulties soon after emerging from bankruptcy.
If you’re thinking of filing for a second time, you may want to learn about the governing rules on repeat filings. It’s because you can lose the automatic stay for multiple bankruptcy filings.

Preference Proofing a Settlement Agreement

Readers of our posts are aware that at Shenwick & Associates we do personal and business bankruptcy filings and workouts for many clients. In addition, we review settlement agreements for clients so that the settlement payments are not captured by section 547 of the Bankruptcy Code as a preference (also known as "preference proofing a settlement agreement").

We are grateful for all the kindness and respect they showed us.

five-star“We are grateful for all the kindness and respect they showed us in handling our case to completion. ” T.D. and R.I.

Andrew Garfield Claims Bankruptcy Was The “Best Thing” That Happened To His Family

Bustle reports that actor Andrew Garfield claims bankruptcy was one of the best things that has ever happened to his family.
His roles in The Social Network and The Amazing Spiderman brought Garfield fame and success, but his family had not always been so financially fortunate. Garfield looks back on those finacial struggles and views them in a somewhat positive light because he and his family were fortunate enough to learn important life lessons came from those struggles.

Andrew Garfield Claims Bankruptcy Was The “Best Thing” That Happened To His Family

Bustle reports that actor Andrew Garfield claims bankruptcy was one of the best things that has ever happened to his family.
His roles in The Social Network and The Amazing Spiderman brought Garfield fame and success, but his family had not always been so financially fortunate. Garfield looks back on those finacial struggles and views them in a somewhat positive light because he and his family were fortunate enough to learn important life lessons came from those struggles.

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