Automatic stay: The injunction issued automatically upon the filing of a bankruptcy case which prohibits collection actions against the debtor, the debtor’s property or the property of the estate. See Relief from Stay on terminating the injunction.
Tags: automatic stay, bankruptcy, bankruptcy automatic stay, bankruptcy case, Benefits of Bankruptcy, injunction, relief from automatic stay, relief from stay, stop collection actions, stop foreclosure
[...] debtors and cause panic. Debtors are tricked into thinking they are no longer protected by the bankruptcy stay against [...]