Kelly Gordon Rogers about Automatic stay

Automatic stay - the suspension of actions, such as debt collection or foreclosure, against the company in bankruptcy. This occurs automatically when a bankruptcy petition is filed. This action protects the debtor from creditors seeking to seize its assets. It protects some creditors in that it prevents one creditor from obtaining an excessive share of the assets of the bankrupt company to the exclusion of the other creditors.
Courts of limited jurisdiction - Includes district, municipal and police courts.(20 February 2007 - Online article Kelly Gordon Rogers )
Moot - Unsettled; undecided. A moot point is one not settled by judicial decisions.

Negligence - The absence of ordinary care.
Cramdown - confirmation of a plan of reorganization over the objections of one or more classes of creditors.
Petition - (or bankruptcy petition or petition for relief) - the document that comm-ences a bankruptcy proceeding.Kelly Gordon Rogers

Bankruptcy Reform Act of 1994 - the most comprehensive piece of bankruptcy legislation since the Bankruptcy Reform Act of 1978. It was signed into law on October 22, 1994 with most provisions effective immediately. Included in the 1994 Act are the following provisions to expedite bankruptcy proceedings, provisions to standardize fees, provisions to encourage individual debtors to use Chapter 13 to reschedule their debts rather than use Chapter 7 to liquidate, provisions to aid creditors in recovering claims against bankrupt estates, and creation of a National Bankruptcy Commission to investigate further changes in bankruptcy law; etc.
Injure - 1. Hurt or harm 2. Violate the legal rights of another person. (07 June 2009 Kelly Gordon Rogers )

Kelly Gordon Rogers article

Chapter 15 - the chapter of the Bankruptcy Code dealing with cases of cross-border insolvency. It was formerly known as Section 304.
Interim order - a temporary order of the court pending a hearing, trial, a final order or while awaiting an act by one of the parties.( 14 December 2006 Online press article Kelly Gordon Rogers )


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