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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Dictionary Entries Near automatic stay

automatic

automatic stay

automobile exception

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Cite this Entry

“Automatic stay.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/automatic%20stay. Accessed 5 Aug. 2021.

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