If you're researching the term automatic stay, you are probably thinking about declaring bankruptcy. But on a positive note, an automatic stay gives people in a bankruptcy a lot of relief from debt ...
Of all the provisions of the Bankruptcy Code, Section 362 pertaining to the automatic stay appears more straightforward than most. In spite of the apparent simplicity of the statutory language, ...
The bankruptcy automatic stay has an immediate and widespread impact on litigation activity involving a bankrupt debtor or its properties. The stay is binding in all courts, in all proceedings, in ...
Carlos J. Cuevas[/caption] When a debtor files a bankruptcy case the automatic stay arises immediately. 11 U.S.C. §362(a); Rexnord Holdings v. Bidermann, 21 F.3d 522, 527 (2d Cir. 1994). The U.S.
Brettco is now in its bankruptcy. The first-day motions are out of the way. Brettco can pay its employees the money that was owed before it filed and can pay its bills for the next two weeks, until ...
When the Supreme Court hears its first bankruptcy argument of the fall next week in Ritzen Group v. Jackson Masonry, many in the audience may wonder why the justices chose to review such a seemingly ...
An automatic stay prevents creditors from taking action to collect on certain debts when you file for bankruptcy. Automatic stays can offer some protection against eviction, foreclosure, repossession ...