The concept of a stay is most accurately described as
A) a requirement that the debtor, once placed in bankruptcy, must stay within the jurisdiction.
B) a freeze on all of the bankrupt's property pending distribution to creditors.
C) an order by the court that prevents debtors from counter-suing their creditors during the course of bankruptcy proceedings.
D) a freeze on creditors' property pending distribution of the bankrupt's estate.
E) an order by the court that prevents creditors of the debtor from bringing actions against the debtor for pre-bankruptcy debts.
Correct Answer:
Verified
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