Once a bankruptcy has begun, all creditors are automatically halted from taking or continuing any action against the debtor or his property. This includes lawsuits, foreclosures, garnishments, repossessions, lien sales and all collection activity. Thus, you may take no action to collect your debt, such as sending default notices or imposing additional fees or charges on sums that accrued through the date of the filing.

Bankruptcy is a “snapshot in time” kind of law. The moment the bankruptcy is filed, everything prior to the filing is under the bankruptcy “tent” and protected for a period of time by the automatic stay.

If you have a storage unit and are filing bankruptcy you need to understand how filing will affect your storage unit.