Automatic Stays on creditors during bankruptcy

LIST Code: MO-13-07-00-00

LIST Code

MO-13-07-00-00

Title

Automatic Stays on creditors during bankruptcy

Definition

This category concerns the process of how to get and deal with an automatic stay against most creditors, collection agencies, and government entities when filing for bankruptcy. An automatic stay is a temporary federal injunction, that stops collection efforts against the person. The automatic stay does not extinguish debts, but pauses efforts to collect them. This category concerns limits to the automatic stay, how long it lasts, what happens if creditors violate the order, or how a creditor might remove it.

Other Taxonomy Terms

These terms in other taxonomies are equivalent to this term. They are mapped to each other.

  • NSMI v1 Taxonomy: 1010100
Last updated on Jul 01 2022

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