The Filing of a Bankruptcy Petition Operates as an Automatic

question 37

True/False

The filing of a bankruptcy petition operates as an automatic stay of various forms of creditor actions against a debtor or his property.

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Definitions:

Abolishing

The act of formally putting an end to a system, practice, or institution.

Federal Campaign Laws

Legislation that regulates political campaign financing, contributions, and expenditures at the federal level.

Federal Election Commission

A U.S. independent regulatory agency charged with administering and enforcing the federal campaign finance law.

Regulatory Agencies

Organizations created by the government to enforce specific laws, oversee certain industries, and protect public safety and health.