An automatic stay is the legal prohibition of creditors' either initiating or continuing any debt collection action against the debtor or her property.
What is an automatic stay?
This is known as an immediate automatic stay that is used when filing for bankruptcy protects a debtor.
In the United states, this is a provision that temporarily prevents the creditors, collection agencies, government entities etc from pursuing debtors for money that they owe.
Hence, it is the legal prohibition of creditors' either initiating or continuing any debt collection action against the debtor or her property.
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