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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

<< Automatic exercise Autoregressive >>

Tips for Trying to Fix a Clogged or "Frozen" Home Equity Line: For years, homeowners have turned to home equity lines of credit (HELOCs) as a way to borrow against their home's value to pay for college tuition, home improvements, medical bills and other major expenses. (A home's equity is the market value minus what is owed on the mortgage. If you owe $100,000 on your mortgage but your home is worth $250,000, your equity is $150,000.) More...

You are what you think. You are what you go for. You are what you do! Bob Richards

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