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RESPOND TO CLASSMATE WITH DETAILED REMARK: QUESTION:1. Would the bankruptcy code's provision contained in 11 U.S.C. 362 concerning the automatic stay be applicable here? AN
RESPOND TO CLASSMATE WITH DETAILED REMARK: 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
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