Examlex
The greatest return over a period of several years is likely to be earned by investing in a
Bankruptcy Code
The set of laws that governs bankruptcy in the United States, providing a legal framework for the resolution of debt obligations.
Attorney
A person qualified by education, training, and licensing to practice law.
Automatic Stay
An automatic stay is a provision in bankruptcy law that halts all lawsuits, foreclosures, and collection activities against the debtor the moment a bankruptcy petition is filed.
Bankruptcy Petition
A formal request filed in court for declaring bankruptcy, initiating the legal process addressing the petitioner’s debts.
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