If you’re wondering whether the Effect of Serial Filing on the Automatic Stay applies to you, read on. This article will explain the process and explain the benefits of filing in serial. This rule only applies if your previous case was dismissed. If you file more than one case within the same year, you might not qualify for the automatic stay. Therefore, it’s important to carefully analyze the details of your case and determine whether the effect of serial filing is favorable to you.
In a recent case, the Bankruptcy Code clarified the time period for refinancing a bankruptcy case. If you filed for Chapter 7 bankruptcy a few years ago, you couldn’t obtain a chapter 13 discharge. However, if you filed for Chapter 13 bankruptcy soon after, you may qualify for the automatic stay. Because of this, it’s crucial to know how the automatic stay works before you begin the filing process.
The Effect of Serial Filing on the Automatic Keep is an important aspect of a bankruptcy case. The stay applies automatically as soon as the bankruptcy petition is filed, and it lasts until the bankruptcy case is dismissed or the Debtor’s plan of reorganization is confirmed. If you’ve filed a previous bankruptcy case, however, the stay only lasts for 30 days. You can extend this time period by requesting an extension, but you must request it promptly. If you fail to make a request or don’t request an extension, your automatic stay will expire at the end of the timeframe.