The Filing of a Petition for Bankruptcy Will Automatically Stay

question 6

True/False

The filing of a petition for bankruptcy will automatically stay most legal actions against the debtor.

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Definitions:

Fair Housing Act

A federal law in the United States aimed at eliminating discrimination in the housing industry based on race, color, religion, sex, national origin, disability, or family status.

Discrimination

Unfair treatment or prejudicial distinction of individuals based on race, gender, age, or other status instead of individual merit.

Fair Housing Act

A United States law passed in 1968 aimed at eliminating discrimination in the sale, rental, and financing of housing based on race, religion, national origin, or sex.

Exemption

A provision that removes a legal obligation or liability, often seen in tax laws, allowing certain incomes or transactions to be free from tax.