Skip to main content
Find a Lawyer

term:

Automatic Stay

automatic 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

Source: Merriam-Webster’s Dictionary of Law ©1996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.

See More Bankruptcy and Debt Law Terms

See Other Legal Glossaries

Copied to clipboard