In Chapter 11, When an Automatic Stay Has Been Granted

question 8

True/False

In Chapter 11, when an automatic stay has been granted creditors cannot seize the assets of bankrupt companies without getting court approval.

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Definitions:

Yugoslavia

A country that existed in Southeast Europe during most of the 20th century, comprising several Slavic ethnic groups and dissolved in a series of wars in the 1990s.

Trade Balance

The gap between what a country sells to and buys from other countries in terms of goods and services.

Merchandise

Goods that are bought and sold in commerce, particularly those related to retail trade.

Services

Intangible products that are consumed at the point of sale and do not result in ownership of physical goods.