Setup Menus in Admin Panel

Sharing the Knowledge!™

Finance Knowledge and Information

What does automatic stay mean?

SEARCHING
automatic stay
Noun
AE

An injunction that arises upon the filing of a bankruptcy petition that halts actions by creditors, with certain exceptions, to collect debts from a bankrupt debtor and protects the property of the bankruptcy estate from the exercise of creditor remedies.

Synonym(s): 
  • automatic standstill.
top
© 2015-2020 Pecunica LLC.  All rights reserved.