The automatic stay is a procedural tool in a bankruptcy case that effectively halts efforts by creditors to collect on a debtor’s outstanding obligations. As discussed in more detail in our prior post, immediately upon the filing of a bankruptcy petition, a “bankruptcy estate” is created, which includes virtually all assets of the debtor.
Aaron Johnson is an associate in the Bankruptcy and Creditors’ Rights Practice Group. Aaron’s practice includes representing clients in bankruptcy matters. He also assists clients in acquisitions and dispositions of distressed assets and distressed asset investing in a variety of industries. His experience as a Certified Public Accountant allows him to have insight into the financial needs of his clients.