Excerpt from Practical Guidance

Understanding The Automatic Stay In Bankruptcy

Law360, New York (June 25, 2014, 5:25 PM EDT) -- To advance the debtor's rehabilitation and enhance a return to the unsecured creditors, the automatic stay provisions of Section 362 of the Bankruptcy Code function as a broad injunction of virtually all types of creditor and other actions against the debtor and the debtor's assets upon the filing of a bankruptcy case. The automatic stay applies to all of the chapters of the Bankruptcy Code. The automatic stay, however, does not protect nondebtor entities such as corporate affiliates, corporate officers, codefendants, guarantors, or general partners of the debtor....

Law360 is on it, so you are, too.

A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.


A Law360 subscription includes features such as

  • Daily newsletters
  • Expert analysis
  • Mobile app
  • Advanced search
  • Judge information
  • Real-time alerts
  • 450K+ searchable archived articles

And more!

Experience Law360 today with a free 7-day trial.

Start Free Trial

Already a subscriber? Click here to login

Related Sections

Law Firms

Companies

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!