Articles in regional publications that pertain to a wide range of North Carolina-related topics.
Borrower Efforts to Extend the Bankruptcy Automatic Stay to Guarantors
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30415
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Abstract:
When a borrower files for bankruptcy, the federal Bankruptcy Code usually stays automatically all collection actions against the borrower during the bankruptcy unless a creditor obtains relief from the stay. This article discusses North Carolina bankruptcy law, the unusual circumstances of extending the stay, and procedures for preserving the security.
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