DO YOU HAVE A CUSTOMER ENTERING BANKRUPTCY? BE SURE NOT TO VIOLATE THE AUTOMATIC STAY

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By Christopher M. Cobb, Esquire & Hans C. Wahl, Esquire

Section 362 of Title 11 of the United States Code provides for the Automatic Stay in all bankruptcy proceedings, including Chapter 7, 11 and 13 filings. The Automatic Stay is invoked immediately upon a debtor filing for bankruptcy and once invoked it instantly halts all actions by creditors to collect on pre-bankruptcy debts.

http://www.jimersoncobb.com/blawg/2013/01/do-you-have-a-customer-entering-bankruptcy-be-sure-not-to-violate-the-automatic-stay/

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