Answered step by step
Verified Expert Solution
Question
1 Approved Answer
RESPOND TO CLASSMATE DISCUSSION: QUESTION:1. Would the bankruptcy code's provision contained in 11 U.S.C. 362 concerning the automatic stay be applicable here? AN SWER Yes,
RESPOND TO CLASSMATE DISCUSSION: QUESTION:1. Would the bankruptcy code's provision contained in 11 U.S.C. 362 concerning the automatic stay be applicable here? AN SWER Yes, it would. In bankruptcy proceedings, an automatic stay is the suspension of almost all litigation and other action by creditors against the debtor or the debtor's property. The stay is effective the moment the debtor files a petition in bankruptcy. Some debts not covered by an automatic stay are child support and alimony payments, as well as money owed as a result of a criminal proceeding
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started