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Glossary > A > "Automatic stay" Definition

Automatic stay

The restricting of liability holders from collection efforts related to collateral seizure. Automatically imposed when a firm files for bankruptcy under Chapter 11.

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Automatic stay - The restricting of liability holders from collection efforts related to collateral seizure. Automatically imposed when a firm files for bankruptcy under Chapter 11.

Automatic stay : the restricting of liability holders from collection efforts related to collateral seizure. automatically imposed when a firm files for bankruptcy under chapter 11.