Article

Bankruptcy Automatic Stay Can Be Retroactively Annulled

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Abstract

In times of temporary or short term financial difficulties, small businesses, such as farmers and ranchers, may find themselves beset by creditors clamoring for immediate payment instead of patiently waiting for harvest or insurance proceeds to cover operating and other debts. One of the most immediate benefits of filing for Chapter 7, 11, 12 or 13 bankruptcy, is the imposition of the automatic stay of a number of legal and administrative actions against the debtor, giving the debtor some breathing space to attempt to reorganize or liquidate in an orderly manner.

How to Cite:

Achenbach, R. P., (2018) “Bankruptcy Automatic Stay Can Be Retroactively Annulled”, Agricultural Law Digest 29(21), 161–163.