automatic stay

Immediately upon the filing of a voluntary petition under the Bankruptcy Code a stay arises which generally bars all debt collection efforts against the debtor or property of his bankruptcy estate although the collection of postpetition debts against the debtor is not stayed. Code No. 362(a). The court need not sign any order to give rise to the stay; the mere filing of the petition, with supporting documentation, with the clerk is sufficient. In re Artishon, Bkrtcy.Minn., 39 B.R. 890, 893; Jones v. Wood (In re Wood), Bkrtcy.Idaho, 33 B.R. 320, 321

Black's law dictionary. . 1990.

Look at other dictionaries:

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