Automatic Stay definition: Copy, customize, and use instantly
Introduction
"Automatic Stay" is a legal provision that immediately halts all collection activities against a debtor once a bankruptcy petition is filed. It prohibits creditors from taking any further action to collect debts or enforce judgments during the bankruptcy process, providing the debtor with temporary relief and protection from harassment.
Below are various examples of how "Automatic Stay" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Automatic Stay" in bankruptcy proceedings
This definition ties "Automatic Stay" to bankruptcy protection.
"Automatic Stay" refers to an order that automatically goes into effect when a debtor files for bankruptcy, halting all creditor actions, including lawsuits, foreclosures, and collection efforts, until the bankruptcy case is resolved.
Definition of "Automatic Stay" for creditor actions
This definition connects "Automatic Stay" to creditor relief.
"Automatic Stay" means a legal injunction that immediately prevents creditors from pursuing any collection actions, such as garnishments or repossessions, once a debtor files for bankruptcy.
Definition of "Automatic Stay" for debtors' protection
This definition links "Automatic Stay" to debtor protection.
"Automatic Stay" refers to the provision that suspends all collection activities by creditors, including telephone calls, letters, and legal actions, providing immediate relief to a debtor who has filed for bankruptcy.
Definition of "Automatic Stay" for bankruptcy cases
This definition applies "Automatic Stay" to bankruptcy cases.
"Automatic Stay" means the legal halt on all actions against a debtor upon the filing of a bankruptcy petition, preventing creditors from continuing their collection efforts during the pendency of the bankruptcy case.
Definition of "Automatic Stay" for enforcement of judgments
This definition ties "Automatic Stay" to the enforcement of judgments.
"Automatic Stay" refers to the suspension of any efforts to enforce a judgment or court order, including wage garnishment, bank levies, and property seizures, once a bankruptcy petition is filed by the debtor.
Definition of "Automatic Stay" for foreclosure proceedings
This definition connects "Automatic Stay" to foreclosure protection.
"Automatic Stay" means the immediate halt of foreclosure proceedings when a debtor files for bankruptcy, preventing the lender from repossessing property or initiating a sale until the bankruptcy case is resolved.
Definition of "Automatic Stay" for creditor lawsuits
This definition ties "Automatic Stay" to creditor lawsuits.
"Automatic Stay" refers to the suspension of any creditor lawsuits, including actions to collect debts, obtain judgments, or secure liens, once a debtor files for bankruptcy protection.
Definition of "Automatic Stay" for government actions
This definition links "Automatic Stay" to government actions.
"Automatic Stay" means the automatic suspension of government actions to collect debts, including tax levies, fines, or other collection efforts, once a bankruptcy petition is filed by the debtor.
Definition of "Automatic Stay" for reorganization plans
This definition applies "Automatic Stay" to corporate reorganization.
"Automatic Stay" refers to the suspension of creditor actions against a business or individual filing for bankruptcy under Chapter 11, providing the debtor with time to develop a reorganization plan without external pressure.
Definition of "Automatic Stay" for personal bankruptcy
This definition connects "Automatic Stay" to personal bankruptcy cases.
"Automatic Stay" means the immediate cessation of collection actions by creditors against an individual who has filed for personal bankruptcy, including attempts to collect unsecured debts or pursue lawsuits.
Definition of "Automatic Stay" for debt discharge
This definition ties "Automatic Stay" to debt discharge.
"Automatic Stay" refers to the temporary suspension of all collection activities during the bankruptcy process, protecting the debtor from creditor actions while debts are being discharged or reorganized.
Definition of "Automatic Stay" for secured creditors
This definition connects "Automatic Stay" to secured creditors.
"Automatic Stay" means a provision that temporarily stops a secured creditor from pursuing property repossession or foreclosure actions, while the debtor’s bankruptcy case is in progress.
Definition of "Automatic Stay" for violation consequences
This definition links "Automatic Stay" to legal consequences for violations.
"Automatic Stay" refers to the injunction that stops all creditor actions, and violation of the automatic stay by a creditor can result in legal consequences, including sanctions and compensation for the debtor.
Definition of "Automatic Stay" for collection of taxes
This definition ties "Automatic Stay" to tax collection.
"Automatic Stay" means the suspension of any tax-related collection efforts by government entities, including tax levies and garnishments, once a debtor files for bankruptcy protection.
Definition of "Automatic Stay" for creditor negotiations
This definition connects "Automatic Stay" to creditor negotiations.
"Automatic Stay" refers to the provision that freezes all creditor actions, providing a debtor the opportunity to negotiate a repayment plan or settlement without the pressure of ongoing collections.
Definition of "Automatic Stay" for suspension of proceedings
This definition links "Automatic Stay" to the suspension of ongoing proceedings.
"Automatic Stay" means the immediate suspension of all judicial and administrative proceedings against the debtor once a bankruptcy petition is filed, ensuring that no further legal actions are taken until the case is resolved.
Definition of "Automatic Stay" for bankruptcy petition filing
This definition connects "Automatic Stay" to the filing of a bankruptcy petition.
"Automatic Stay" refers to the protective measure that automatically halts all creditor actions when a debtor files a bankruptcy petition, offering immediate relief from debt-related stress and collection actions.
Definition of "Automatic Stay" for creditor enforcement
This definition ties "Automatic Stay" to the enforcement of creditor rights.
"Automatic Stay" means the legal stoppage of all creditor efforts to enforce judgments, including the continuation of lawsuits, garnishments, and property seizures, once a bankruptcy petition is filed.
Definition of "Automatic Stay" for judicial relief
This definition links "Automatic Stay" to judicial relief.
"Automatic Stay" refers to the court-ordered halt of all creditor actions in bankruptcy cases, ensuring that creditors cannot proceed with legal action against the debtor during the bankruptcy process.
Definition of "Automatic Stay" for consumer debtors
This definition ties "Automatic Stay" to consumer debtors.
"Automatic Stay" refers to the immediate suspension of all creditor actions, including harassment, garnishments, and lawsuits, upon the filing of a bankruptcy petition by a consumer debtor.
Definition of "Automatic Stay" for corporate entities
This definition connects "Automatic Stay" to corporate bankruptcy filings.
"Automatic Stay" refers to the legal halt on creditor actions against a corporate entity, such as lawsuits and debt collection efforts, following the filing of a bankruptcy petition by the company.
Definition of "Automatic Stay" for foreclosure protection
This definition links "Automatic Stay" to foreclosure prevention.
"Automatic Stay" means the temporary prohibition of all foreclosure proceedings against a debtor’s property, allowing the debtor time to resolve their financial difficulties through bankruptcy proceedings.
Definition of "Automatic Stay" for wage garnishment suspension
This definition ties "Automatic Stay" to wage garnishment.
"Automatic Stay" refers to the legal suspension of wage garnishment orders or other collection methods that deduct money from the debtor's wages, once a bankruptcy petition is filed.
Definition of "Automatic Stay" for rental property protection
This definition connects "Automatic Stay" to rental property protection.
"Automatic Stay" means the immediate suspension of eviction actions by landlords, including the enforcement of judgments for unpaid rent or other claims against tenants, upon the filing of a bankruptcy petition.
Definition of "Automatic Stay" for utility shutoff prevention
This definition links "Automatic Stay" to utility protections.
"Automatic Stay" refers to the suspension of actions to disconnect or cut off utility services to a debtor, ensuring that essential services remain in place during bankruptcy proceedings.
Definition of "Automatic Stay" for debt restructuring
This definition connects "Automatic Stay" to debt restructuring efforts.
"Automatic Stay" refers to the halting of creditor actions that allows the debtor to propose a debt restructuring plan during bankruptcy proceedings without interference from collection activities.
Definition of "Automatic Stay" for creditor settlement negotiations
This definition ties "Automatic Stay" to settlement negotiations.
"Automatic Stay" means the legal suspension of all creditor actions, providing the debtor with an opportunity to negotiate a settlement or restructure their debts without the threat of collection efforts.
Definition of "Automatic Stay" for legal claims dismissal
This definition links "Automatic Stay" to the dismissal of legal claims.
"Automatic Stay" refers to the immediate suspension of any legal actions, including lawsuits or claims, against a debtor, effectively halting litigation or legal proceedings during bankruptcy.
Definition of "Automatic Stay" for judgment enforcement
This definition connects "Automatic Stay" to the enforcement of judgments.
"Automatic Stay" refers to the suspension of the enforcement of judgments, including property liens, garnishments, or repossessions, that creditors may seek to enforce against a debtor’s assets during bankruptcy proceedings.
Definition of "Automatic Stay" for contract enforcement
This definition ties "Automatic Stay" to contract enforcement actions.
"Automatic Stay" refers to the temporary prohibition of enforcing contractual obligations or taking action under contracts that involve a debtor, allowing the debtor time to address their financial situation during bankruptcy.
Definition of "Automatic Stay" for government debt collection
This definition links "Automatic Stay" to government debt collection.
"Automatic Stay" refers to the legal provision that halts government debt collection efforts, such as tax levies or fines, once a bankruptcy petition is filed by the debtor.
Definition of "Automatic Stay" for individual debtors in Chapter 13 bankruptcy
This definition ties "Automatic Stay" to Chapter 13 bankruptcy cases.
"Automatic Stay" refers to the provision in Chapter 13 bankruptcy that halts all creditor actions, giving the debtor time to develop and propose a repayment plan without outside interference from creditors.
Definition of "Automatic Stay" for Chapter 7 bankruptcy proceedings
This definition connects "Automatic Stay" to Chapter 7 cases.
"Automatic Stay" refers to the immediate suspension of creditor actions against a debtor who has filed for Chapter 7 bankruptcy, which provides the debtor with a fresh start by allowing time for asset liquidation and debt discharge.
Definition of "Automatic Stay" for secured creditors
This definition links "Automatic Stay" to secured creditors.
"Automatic Stay" refers to the temporary prohibition of actions by secured creditors, such as repossession or foreclosure, preventing them from taking action against collateral assets during bankruptcy proceedings.
Definition of "Automatic Stay" for personal injury claims
This definition ties "Automatic Stay" to personal injury claims.
"Automatic Stay" refers to the suspension of all personal injury claims or lawsuits against the debtor, ensuring that creditors cannot pursue claims for damages during bankruptcy proceedings.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.