Connection lost
Server error
The end of law is not to abolish or restrain, but to preserve and enlarge freedom.
✨ Enjoy an ad-free experience with LSD+
Legal Definitions - motion to lift the stay
Law school: Where you spend three years learning to think like a lawyer, then a lifetime trying to think like a human again.
✨ Enjoy an ad-free experience with LSD+
Definition of motion to lift the stay
A motion to lift the stay is a request made by a party to the bankruptcy court to modify the automatic bankruptcy stay. The automatic stay is a legal order that stops creditors from taking any action against the debtor or their property.
For example, if a creditor wants to foreclose on a property that the debtor owns, they may file a motion to lift the stay. This would allow the creditor to take action against the property and foreclose on it.
Another example is when a landlord wants to evict a tenant who has filed for bankruptcy. The landlord may file a motion to lift the stay to allow them to proceed with the eviction process.
In both examples, the motion to lift the stay is necessary because the automatic stay prevents creditors and other parties from taking action against the debtor or their property.
The only bar I passed this year serves drinks.
✨ Enjoy an ad-free experience with LSD+
Simple Definition
Term: Motion to Lift the Stay
Definition: A motion to lift the stay is a request made by a party to the bankruptcy court to change the automatic bankruptcy stay. This allows the party to take action against the debtor or the debtor's property. For example, a creditor may ask for permission to foreclose on a lien because their security interest is not adequately protected. This motion is also known as a motion for relief from stay or a motion to modify the stay.
If the law is on your side, pound the law. If the facts are on your side, pound the facts. If neither the law nor the facts are on your side, pound the table.
✨ Enjoy an ad-free experience with LSD+