Bankruptcy is a way for people or businesses who owe more money than they can pay right now to either work out a plan to repay the money over time in a chapter 11, chapter 12, or chapter 13, or wipe out most of their bills in a chapter 7 case. While the debtor is working out a plan or the trustee is gathering available assets, the bankruptcy code provides that creditors must stop all collection efforts against the debtor. Upon the filing of the bankruptcy petition “Relief Ordered” is stamped on the petition providing immediate protection from your creditors.