09 Nov 2021
(Automatically) Staying Out of Trouble!
You represent a client that filed an action against a company a year ago to recover outstanding receivables. Before the litigation concludes, the company files for bankruptcy. You need to explain the automatic stay and advise your client of its options.
Related Content
- Automatic Stay
Use this practice note to understand the automatic stay under Section 362 of the Bankruptcy Code.
- Automatic Stay: When the Debtor Is an Individual
See this practice note for a discussion of the limitations of the automatic stay when an individual debtor files a bankruptcy case.
- Post-Taggart, Ninth Circuit BAP Holds That No Fair Ground of Doubt Standard Applies to Automatic Stay Violations
Review this article for a discussion of a case that examined whether the Supreme Court’s standard for civil contempt for violating a discharge injunction also applies to automatic stay violations.
- Relief from the Automatic Stay Video
Watch this video to understand how parties can seek relief from the automatic stay under Section 362 of the Bankruptcy Code.
- Waiver of Automatic Stay Clause
Use this clause when drafting a waiver of the automatic stay in a forbearance or other credit agreement.
Practical Guidance Updates
Featuring the latest updates from your Practical Guidance account.
- Automatic Stay Overview Video
- Counseling a Consumer Client about Bankruptcy
- Subchapter V Decision Tracker
- Check out the new Practical Guidance Author Center! Learn about the 1500+ leading attorney authors contributing to our 20 practice areas, and find out how you can Become a Practical Guidance Author.
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