What are the opposite words for automatic stay?
The automatic stay is a legal term used in bankruptcy cases to halt any collection attempts by creditors. When a debtor files for bankruptcy, an automatic stay immediately goes into effect, preventing creditors from taking any actions such as foreclosing on a home, repossessing a car, or garnishing wages. The opposite of an automatic stay would be a "lift of the stay" or "motion to lift the stay". This means that a creditor can request the court to lift the stay, allowing them to continue with their collection efforts. This could be because they want to move forward with foreclosure proceedings, for example. Opposing terms for automatic stay are essential to understanding the nuances of bankruptcy law.
What are the antonyms for Automatic stay?
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