See Also: Automatic Stay(money)
Automatic stay(finance)
Tight money or dear money(finance)
stay(3)(dictionary)
Stay(casino)
stay(1)(dictionary)
stay(2)(dictionary)
Stay(medicine)
stay(4)(dictionary)
stay(5)(dictionary)

Automatic Stay (money)


Definition: Section of the Bankruptcy Code that operates automatically against creditors once proceedings are initiated.

Definition: [crh] The restricting of liability holders from collection efforts related to collateraDefinition: l seizure. Automatically imposed when a firm files for bankruptcy under Chapter 11.