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What is an "order for relief" from bankruptcy?

An Order for Relief acts as an injunction to stop creditors from collecting on outstanding debts for the duration of the bankruptcy case (often 3-4 months) . As soon as a case is filed with the Bankruptcy Court in Boston, all creditors are notified by mail and this notice acts as an injunction. If during the 3-4 months bankruptcy process creditors attempt to collect against the debtor, they will be fined.

Categories: Bankruptcy