Pretty much. Bank account garnishments can happen without much warning and can create huge problems in your life. After a bank garnishment, any checks you have written can be returned for insufficient funds. As a result, your already bleak financial situation will only get worse. However, when you file for bankruptcy, your creditors must end all of their efforts to collect your debts. This is known as the automatic stay. The automatic stay provides immediate relief to people in financial distress. The automatic stay ends bank garnishments.