What is the Automatic Stay?

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.

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One Response to What is the Automatic Stay?
  1. [...] debtors and cause panic.  Debtors are tricked into thinking they are no longer protected by the bankruptcy stay against [...]

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