An Automatic Stay

question 43

Multiple Choice

An automatic stay:

• A) arises only upon the filing of a voluntary petition.
• B) prevents any further interest from accruing on a debtor's outstanding debts.
• C) prevents creditors from taking action outside of the bankruptcy proceeding against a debtor.
• D) ends if a debtor attempts to incur additional debt after a petition has been filed.

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Definitions:

Free Flow of Information

Refers to the unrestricted access and exchange of data and ideas among individuals and groups.

Substantive Interests

The core needs, desires, or goals that parties seek to achieve in a negotiation or conflict situation.

Focal Issues

The central or primary points of concern, discussion, or attention in a given situation, especially those that are contentious or significant.

Interests

The stakes or concerns that individuals or groups have in a particular situation or outcome.