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Automatic stay

• The restricting of liability holders from collection efforts of collateral seizure, which is automatically imposed when a firm files for bankruptcy under Chapter 11.

 
 Embedded terms in definition
 Bankruptcy
Collateral
Firm
Liability
 
 Related Terms
 Automatic exercise

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Life is not easy for any of us. But what of that? We must have perseverance and above all confidence in ourselves. We must believe that we are gifted for something and that this thing must be attained. Marie Curie

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