an extraordinary measure for the court
Upon the filing of a bankruptcy, a proposal or a notice of intention to make a proposal, no creditor with a claim provable in bankruptcy shall have any remedy against the debtor or the debtor's property or shall commence or continue any action, execution or other proceedings for the recovery of a claim provable in bankruptcy.
The stopping or preventing of legal actions undertaken. In the Bankruptcy and Insolvency Act, there is a stay of proceedings in the case of a bankruptcy or in the case of a proposal. This stops all legal actions against the company or person.
A bar against any creditor for the recovery of a claim provable in bankruptcy against the insolvent person or the insolvent person's property. No creditor shall start or continue any action, execution or other proceeding for the recovery of such claims.
The permanent or temporary discontinuance of an action, by order of the court. Subpoena A writ issued by a court ordering a person, with penalty for non-compliance, to come before it to give evidence or to produce relevant documents.
In civil procedure and criminal procedure, a stay of proceedings is a ruling by the court halting further legal process in a trial. The court can subsequently lift the stay and resume proceedings. However, a stay is sometimes used as a device to postpone proceedings indefinitely.
