Motion to Lift the Stay – request to bankruptcy court to alter the automatic bankruptcy stay to allow the movant to act against the debtor’s property, as when a creditor seeks permission to foreclose on a lien because its security interest is not adequately protected

Motion to Lift the Stay:

“(1969) Bankruptcy. A party’s request that the bankruptcy court alter the automatic bankruptcy stay to allow the movant to act against the debtor or the debtor’s property, as when a creditor seeks permission to foreclose on a lien because its security interest is not adequately protected. — Also termed motion for relief from stay; motion to modify the stay; motion to modify.”

References:

[1]: Black’s Law Dictionary Deluxe Tenth Edition by Henry Campbell Black & Editor in Chief Bryan A. Garner. ISBN: 978-0-314-62130-6

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Notice: Wild Willpower does not condone the actions of Maximilian Robespierre, however the above quote is excellent!