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Back to bankruptcy law
Question 1 of 20
Which of the following best describes the 'automatic stay' in a U.S. bankruptcy proceeding?
A.
A permanent injunction issued only after the final discharge of debts.
B.
An immediate halt to most collection activities and legal proceedings against the debtor upon filing.
C.
A discretionary order that must be requested by the debtor and approved by a judge in every case.
D.
A rule that prevents the debtor from spending any cash on hand without court approval.
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