co-debtor stay
1co-debtor stay — In Chapter 13, there is an automatic stay that prevents actions against guarantors or co signers of consumer obligations of the debtor. If a mother co signs a son s car loan and the son files a Chapter 13 petition, the co debtor stay will prevent …
2stay — 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.… …
3Debtor in possession — Bankruptcy in the United States Bankruptcy in the United States Authority · History U.S. Trustee Court  …
4stay — 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,… …
5Automatic 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,… …
6automatic 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… …
7relief 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.… …
8automatic 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 …
9motion 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 …
10motion 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 …
