Difference between revisions of "Automatic stay"

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An [[injunction]] that automatically stops lawsuits, foreclosure, garnishments, and most collection activity against the debtor the moment a bankruptcy petition is filed.
 
An [[injunction]] that automatically stops lawsuits, foreclosure, garnishments, and most collection activity against the debtor the moment a bankruptcy petition is filed.
  
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[[Category:legal terms]]
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[[Category:Legal Terms]]

Revision as of 18:22, April 23, 2008

An injunction that automatically stops lawsuits, foreclosure, garnishments, and most collection activity against the debtor the moment a bankruptcy petition is filed.