Which of the following is true of the automatic stay in a bankruptcy filing?

Question

Quizplus · Accepted Answer

The automatic stay is the most immediate and dramatic advantage of any bankruptcy filing as it stops most collection actions against the debtor. However, it does not instantly resolve all litigation and collection activities, prevent further loss of income to the business, or prevent the bankruptcy court from authorizing creditors to resume collection efforts in certain circumstances.

Which of the Following Is True of the Automatic Stay