Bankruptcy by Keyword:
"Automatic Stay"
Related Keywords: procedure .
Definitions from the USDOJ
- automatic stay: An injunction that automatically stops lawsuits, foreclosures, garnishments, and all collection activity against the debtor the moment a bankruptcy petition is filed.
- motion to lift the automatic stay: A request by a creditor to allow the creditor to take action against the debtor or the debtor's property that would otherwise be prohibited by the automatic stay.