In a business bankruptcy, what is a motion to lift the automatic
stay?
Answer: It is a request
by a creditor to the Court that would allow the creditor to take an action
against a debtor or the debtor's property that would otherwise be prohibited
by the automatic stay provisions of the U.S. Bankruptcy Code. The automatic
stay is an injunction that stops lawsuits, foreclosures, garnishments,
and collection activity against a debtor as soon as a bankruptcy petition
is filed. |