stay — 1 vt stayed, stay·ing: to temporarily suspend or prevent by judicial or executive order may not grant an injunction to stay proceedings in a state court U.S. Code stay 2 n: a temporary suspension or injunction of an action or process by a usu.… … Law dictionary
Debtor in possession — Bankruptcy in the United States Bankruptcy in the United States Authority · History U.S. Trustee Court … Wikipedia
stay — 1. stay, verb To stop, arrest, or forbear. To stay an order or decree means to hold it in abeyance, or refrain from enforcing it 2. stay, noun A stopping; the act of arresting a judicial proceeding by the order of a court. Also that which holds,… … Black's law dictionary
Automatic stay — In bankruptcy law, an automatic stay is an automatic injunction which halts actions by creditors, with certain exceptions, to collect debts from a debtor who has declared bankruptcy. Under section 362 of the United States Bankruptcy Code,… … Wikipedia
automatic stay — the suspension of actions, such as debt collection or foreclosure, against the company in bankruptcy. This occurs automatically when a bankruptcy petition is filed. This action protects the debtor from creditors seeking to seize its assets. It… … Glossary of Bankruptcy
relief from stay — A creditor can ask the judge to lift the automatic stay and permit some action against the debtor or the property of the estate. If the motion is granted, the moving party (but no one else) is free to take whatever action the court permits.… … Glossary of Bankruptcy
automatic stay — n: 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 Merriam Webster’s Dictionary of … Law dictionary
motion to lift automatic stay — a request by a creditor to allow the creditor to take an action against a debtor or the debtor s property that would otherwise be prohibited by the automatic stay (Glossary of Common Bankruptcy Terms) United Glossary of Bankruptcy Terms 2012 … Glossary of Bankruptcy
motion to lift the automatic stay — A request by a creditor to allow the creditor to take an action against a debtor or the debtor s property that would otherwise be prohibited by the automatic stay. (BankruptcyAction.com) United Glossary of Bankruptcy Terms 2012 … Glossary of Bankruptcy
automatic stay — An injunction that automatically becomes effective upon the filing of any bankruptcy proceeding. The stay precludes creditors from taking action against the debtor or the debtor s property. In Chapter 12 or 13 bankruptcy proceedings, the… … Financial and business terms
