automatic stay

noun

: a stay that comes into operation upon the filing of a bankruptcy petition in accordance with bankruptcy law that prevents creditors from attempting to collect from the debtor for debts incurred before the filing

Dictionary Entries Near automatic stay

Cite this Entry

“Automatic stay.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/automatic%20stay. Accessed 25 Apr. 2024.

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