Commencing a voluntary case by filing a petition constitutes an automatic order for relief.

Name: Commencing a voluntary case by filing a petition constitutes an automatic order for relief.
Brand: Quizplus
Rating: 4.9 (48 reviews)

Question

Quizplus · Accepted Answer

Filing a petition for voluntary bankruptcy under any chapter results in an automatic order for relief. This automatic stay is a court order that prohibits creditors from taking any collection or legal action against the debtor or the debtor's property without authorization from the Bankruptcy Court.

Commencing a Voluntary Case by Filing a Petition Constitutes an Automatic