Home > Terms > English, UK (UE) > Automatic stay

Automatic stay

The requirement for a period of time following the submission of a petition for bankruptcy in which all judgments, collection activities, foreclosures, and repossessions of property are suspended and may not be pursued by the creditors on any debt or claim that arose before the filing of the bankruptcy petition.

This is auto-generated content. You can help to improve it.
0
Collect to Blossary

Member comments

You have to log in to post to discussions.

Terms in the News

Featured Terms

Harry8L
  • 0

    Terms

  • 0

    Blossaries

  • 1

    Followers

Industry/Domain: Music Category: Bands

Hanggai

Hanggai Band is a Chinese folk music group from Beijing who specialise in Mongolian folk music and more modern styles such as punk rock. The term ...

Contributor

Featured blossaries

Deaf Community and Sign Language Interpreting

Category: Culture   1 1 Terms

Coffee beans

Category: Food   1 6 Terms