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Legal Definitions - motion to modify the stay

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Definition of motion to modify the stay

Definition: A motion to modify the stay is a request made by a party to the bankruptcy court to alter the automatic bankruptcy stay. This allows the party to take action against the debtor or the debtor's property. For example, a creditor may seek permission to foreclose on a lien because their security interest is not adequately protected.

Examples:

  • A creditor files a motion to modify the stay to foreclose on a property that the debtor has not been making payments on.
  • A landlord files a motion to modify the stay to evict a tenant who has not been paying rent.

These examples illustrate how a party can request to modify the automatic stayin order to take action against the debtor or their property.

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Simple Definition

A motion to modify the stay is a request made by a party in 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 lift the stay.

Simply put, it's a request to change the rules so someone can take action against the person who owes them money.

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