Bankruptcy by Keyword

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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.

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