Automatic stay

{
  "id": "MLC-T-LAW-000021",
  "term": "Automatic stay",
  "field": "Law",
  "definitions": [
    "A court order that immediately halts most collection activities against a debtor upon the filing of a bankruptcy petition. This legal injunction prevents creditors from pursuing lawsuits, foreclosures, repossessions, and wage garnishments. The automatic stay is a fundamental protection provided by the United States Bankruptcy Code, specifically Section 362.",
    "An injunction that usually comes into force automatically when a bankruptcy case is filed. This stops actions such as lawsuits, foreclosures, garnishments, and most collection activities against the debtor and property of the bankruptcy estate."
  ],
  "references": [
    "U.S. Courts Glossary of Legal Terms"
  ],
  "url": "https://mlchart.com/terminology/law/automatic-stay/"
}