(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.

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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

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• Automatic Stay Overview Video
• Counseling a Consumer Client about Bankruptcy
• Subchapter V Decision Tracker
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