Oregon Chapter 7-13 Motion For Relief Debtor Or Codebtor Stay is a motion that is filed by a debtor or codebtor in an Oregon bankruptcy case to temporarily stop any collection action against them. This motion allows for the debtors or codebtors to be protected from creditor actions such as wage garnishment, vehicle repossession, or foreclosure while the bankruptcy case is pending. There are two types of Oregon Chapter 7-13 Motion For Relief Debtor Or Codebtor Stay: automatic stay and lift stay. The automatic stay applies to debtors and codebtors and stops all creditors from pursuing debt collection activities until the bankruptcy case is resolved. The lift stay allows the creditors to proceed with collection activities if the bankruptcy court grants permission.
Oregon Chapter 7-13 Motion For Relief Debtor Or Codebtor Stay
Description
How to fill out Oregon Chapter 7-13 Motion For Relief Debtor Or Codebtor Stay?
US Legal Forms is the most straightforward and profitable way to locate appropriate legal templates. It’s the most extensive web-based library of business and individual legal paperwork drafted and verified by attorneys. Here, you can find printable and fillable templates that comply with national and local laws - just like your Oregon Chapter 7-13 Motion For Relief Debtor Or Codebtor Stay.
Getting your template takes only a few simple steps. Users that already have an account with a valid subscription only need to log in to the website and download the form on their device. Afterwards, they can find it in their profile in the My Forms tab.
And here’s how you can get a properly drafted Oregon Chapter 7-13 Motion For Relief Debtor Or Codebtor Stay if you are using US Legal Forms for the first time:
- Read the form description or preview the document to guarantee you’ve found the one corresponding to your needs, or find another one utilizing the search tab above.
- Click Buy now when you’re sure of its compatibility with all the requirements, and select the subscription plan you like most.
- Create an account with our service, sign in, and pay for your subscription using PayPal or you credit card.
- Choose the preferred file format for your Oregon Chapter 7-13 Motion For Relief Debtor Or Codebtor Stay and download it on your device with the appropriate button.
Once you save a template, you can reaccess it at any time - just find it in your profile, re-download it for printing and manual completion or upload it to an online editor to fill it out and sign more proficiently.
Benefit from US Legal Forms, your reputable assistant in obtaining the required official documentation. Give it a try!
Form popularity
FAQ
This Standard Clause for use in a forbearance or restructuring agreement provides for a defaulting borrower to waive its right to assert the automatic stay against a lender if it later files for bankruptcy. This Standard Clause has integrated notes with important explanations and drafting tips.
Motion for Relief from the Automatic Stay is a request by a creditor to allow the creditor to take action against the debtor or the debtor's property that would otherwise be prohibited by the automatic stay.
The automatic stay is an order that goes into place when you file for bankruptcy and stops most collection efforts. But the stay isn't absolute, and a creditor can ask the bankruptcy court to lift the automatic stay and allow collection efforts to resume.
Automatic Stay -- Immediately after a bankruptcy case is filed, an injunction (called the "Automatic Stay") is generally imposed against certain creditors who want to start or continue taking action against a debtor or the debtor's property.
Domestic proceedings, such as dissolution of marriage, domestic violence, paternity actions and actions for domestic support or child custody or visitation actions. Withholding, suspension or restriction of a driver's license or recreational or occupational license for failure to pay support obligations.
The most commonly sought exceptions are actions by parties to securities contracts to close out open positions; eviction of a debtor by a landlord where the lease has been fully terminated prior to the bankruptcy filing; actions by taxing authorities to conduct tax audits, issue deficiency notices, demand tax returns
The Stay Has Been Lifted ? Now What? Once a creditor gets a court order lifting the automatic stay, they are allowed to move forward with foreclosure or repossession of the property that secures the debt. That said, the creditor still needs to follow state law for their collection or eviction proceedings.
The automatic stay has a broad scope, applying to all creditors, whether secured or unsecured, and to all of the debtor's property, wherever located. It forbids creditors from pursuing both formal and informal actions and remedies against the debtor and its property.