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LSDefine

Simple English definitions for legal terms

automatic stay

Read a random definition: insure

A quick definition of automatic stay:

Automatic stay is a rule that stops most creditors from trying to collect money from someone who has filed for bankruptcy. It starts as soon as the bankruptcy papers are filed. However, some creditors can ask to be allowed to keep collecting money if they think their property is not being protected. There are some exceptions to the rule, like when a landlord wants to evict someone who has already been told to leave or when the government needs to enforce its laws.

A more thorough explanation:

Automatic stay is a legal term that means when someone files for bankruptcy, most creditors are not allowed to collect money from them. This is called an "injunction." The automatic stay starts as soon as the bankruptcy petition is filed. However, some creditors can ask to be allowed to collect money if they think their property is not being protected well enough.

There are some exceptions to the automatic stay. For example, if someone owes rent to a landlord and the lease has already ended, the landlord can still evict them. Also, the government can still enforce its laws and regulations, like collecting taxes.

For example, if someone owes money to a credit card company and files for bankruptcy, the credit card company cannot try to collect the money during the automatic stay. However, if the person owes money on a car loan and is behind on payments, the lender can ask to be allowed to take the car back if they think their property is not being protected well enough.

autocracy | automobile exception

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General

General chat about the legal profession.
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got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
7:55
@WorthlessAttractiveZombie: mine did yesterday morning
7:56
Oops sorry I meant Vilanova. Mine disappeared last week
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