Bankruptcy
The Reach of the Automatic Stay in Bankruptcy: Far, But Not that Far
December 10, 2015 |
❮ Previous Page December 10, 2015 |
When a corporation or individual files for bankruptcy protection, a self-executing “automatic stay” takes effect under Bankruptcy Code Section 362[i] that prohibits a wide range of acts or proceedings “against the debtor” that could have been taken before the filing of the bankruptcy case. As provided in Section 362, these include (1) the commencement or
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