Local Law Firms Home > Bankruptcy & Foreclosure News > Casey Anthony Seeks Refuge in Bankruptcy Law
Did you know?
An automatic stay on all creditor actions goes into effect under bankruptcy law when a petition is filed.
As per the U.S. bankruptcy code (section 362), the automatic stay comes into force at the same time that the bankruptcy petition is filed. Creditor actions and other non-related civil lawsuits cannot be pursued until the bankruptcy proceedings have been completed.