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:

D-Day

The Allied invasion of Normandy, France, on June 6, 1944, during World War II, marking a pivotal phase in the liberation of Western Europe from Nazi control.

Undemocratic Leaders

Individuals who lead their countries or organizations without adhering to the principles and practices of democracy, often through authoritarian, dictatorial, or oppressive measures.

President Roosevelt

Refers to either Theodore Roosevelt, who served as the President of the United States from 1901 to 1909, or Franklin D. Roosevelt, who served from 1933 to 1945.

Organized Labor

Refers to the collective organization of workers through unions and labor groups to advocate for better working conditions, wages, and rights.