Ads
related to: bankruptcy automatic stay immediately
Search results
Results From The WOW.Com Content Network
An automatic stay immediately stops any repossession efforts. However, as with foreclosure, lenders can file a motion to lift or modify the stay. ... While bankruptcy’s automatic stay can ...
A filed bankruptcy petition immediately operates as an automatic stay, holding in abeyance various forms of creditor action against the debtor. Automatic stay provisions work to protect the debtor against certain actions from the creditor, including: beginning or continuing judicial proceedings against the debtor; actions to obtain debtor's ...
Immediately after bankruptcy, home loans are off the table, but you may be able to get a new mortgage within a few years. ... He notes that a bankruptcy filing can trigger an automatic stay ...
The automatic stay in bankruptcy is the result of Section 362 of the Bankruptcy Code that requires all collection proceedings to stop. There are exceptions, of course, but generally this is the term for the "relief" from collection proceedings a debtor receives by filing the bankruptcy with the bankruptcy clerk's office.
Bankruptcy Code § 362 [28] imposes the automatic stay at the moment a bankruptcy petition is filed. The automatic stay generally prohibits the commencement, enforcement or appeal of actions and judgments, judicial or administrative, against a debtor for the collection of a claim that arose prior to the filing of the bankruptcy petition.
Bankruptcy Code Section 362(k) authorizes the imposition of punitive damages for a willful violation of the automatic stay. In determining whether to impose punitive damages, several bankruptcy ...
Ad
related to: bankruptcy automatic stay immediately