automatic stay

noun

Legal Definition of automatic stay

: 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

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“Automatic stay.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/automatic%20stay. Accessed 7 Aug. 2020.

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