stay of proceedings in bankruptcy

stay of proceedings in bankruptcy
stopping of the bankruptcy proceedings until the appointment of a liquidator (Law)

English contemporary dictionary. 2014.

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  • stay of proceedings — The stopping or preventing of legal actions undertaken. In the Bankruptcy and insolvency Act, there is a stay of proceedings in the case of a bankruptcy or in the case of a proposal. This stops all legal actions against the company or person.… …   Glossary of Bankruptcy

  • bankruptcy — bank·rupt·cy / baŋ ˌkrəp sē/ n pl cies 1: the quality or state of a bankrupt filed for bankruptcy 2: the administration of an insolvent debtor s property by the court for the benefit of the debtor s creditors the debt was discharged in bankruptcy …   Law dictionary

  • stay — 1 vt stayed, stay·ing: to temporarily suspend or prevent by judicial or executive order may not grant an injunction to stay proceedings in a state court U.S. Code stay 2 n: a temporary suspension or injunction of an action or process by a usu.… …   Law dictionary

  • proceedings — pro‧ceed‧ings [prəˈsiːdɪŋz] noun [plural] LAW actions taken in a law court or legal case: • The company s creditors asked an Ontario court to begin formal proceedings against the company. ˈbankruptcy proˌceedings LAW FINANCE a legal case taken …   Financial and business terms

  • Bankruptcy in Canada — The procedures and legal consequences of consumer bankruptcy in Canada are governed by Canadian federal legislation.OverviewConsumer bankruptcy is a legislative procedure under Bankruptcy and Insolvency Act ( the BIA ) *(1) complemented by… …   Wikipedia

  • bankruptcy proceedings — General term for the various types of proceedings under the Bankruptcy Code (11 U.S.C.A.) that are initiated either by an insolvent individual or business (termed a voluntary bankruptcy) or by creditors (termed an involuntary bankruptcy) seeking… …   Black's law dictionary

  • bankruptcy proceedings — General term for the various types of proceedings under the Bankruptcy Code (11 U.S.C.A.) that are initiated either by an insolvent individual or business (termed a voluntary bankruptcy) or by creditors (termed an involuntary bankruptcy) seeking… …   Black's law dictionary

  • stay — 1. stay, verb To stop, arrest, or forbear. To stay an order or decree means to hold it in abeyance, or refrain from enforcing it 2. stay, noun A stopping; the act of arresting a judicial proceeding by the order of a court. Also that which holds,… …   Black's law dictionary

  • Bankruptcy Abuse Prevention and Consumer Protection Act (US) — Bankruptcy Abuse Prevention and Consumer Protection Act Full title An Act to amend title 11 of the United States Code, and for other purposes. Acronym BAPCPA Colloquial name(s) Bankruptcy Reform Enacted by the …   Wikipedia

  • bankruptcy proceedings — The way a bankruptcy case wends its way through the court system, from the time the bankruptcy petition is filed until the debtor receives a bankruptcy discharge. Category: Bankruptcy, Foreclosure & Debt → Bankruptcy Nolo’s Plain English Law… …   Law dictionary

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