An injunction that automatically becomes effective upon the filing of any bankruptcy proceeding. The stay precludes creditors from taking action against the debtor or the debtor's property. In Chapter 12 or 13 bankruptcy proceedings, the automatic stay also applies to co-obligors and guarantors.
is the legal terminology for the prohibition of any attempts by creditors to contact you or to collect a debt. In other words, they must stay away once your Petition is filed. They may not call you, sue you, garnish your wages, repo your car, foreclose on your house, take money out of your bank account, etc. The automatic stay is invoked immediately upon filing the Petition.