The Federal tax lien attaches to a taxpayer's personal property even though the property is exempt from levy due to the automatic stay
A motion by Goldome to vacate the automatic stay
in bankruptcy court will be heard soon and would have the effect of reinstating the foreclosure action, Torres said.
Under federal regulations, this filing triggered an automatic stay
Black has further asserted that an automatic stay
Furthermore, the rights and revenues would not be subject to the automatic stay
provisions of the bankruptcy code.
Specifically, the Code's automatic stay
provision allows renters facing eviction to live rent-free in their apartments until the stay is lifted by the courts, which can often take six months or more.
In that event, the policy proceeds of the Travelers SelectOne(SM) Broad Form would not be deemed assets of the fund and subject to the SEC's control or automatic stay
under bankruptcy law because the policy limit is dedicated solely to the mutual fund directors.
The automatic stay
loophole has even spurred marketing campaigns by attor- neys and non-attorneys promoting it as a way to live "rent-free" for months at a time.
Any such relief could apply to transfers or acquisitions since the date of Foamex's chapter 11 filing (September 19, 2005) to the date of the granting of the motion being filed today as such transfers or acquisitions could have violated the automatic stay
under the Bankruptcy Code.
What is the effect of the automatic stay
on real estate tax liens?
11 /PRNewswire/ -- YUKOS Oil Company today sued Gazprom, Gazpromneft, Baikal Finance Group and Rosneft for in excess of $20 billion for their role in expropriating Yuganskneftgaz in December 2004, in violation of the automatic stay
in the YUKOS Chapter 11 bankruptcy case.
The Supreme Court has elected to hear the case, and as part of its decision, the high court reinstated an automatic stay
, forcing the exchange of simulcasts to end and Calder to discontinue off-season simulcast operations while the case is adjudicated.