Q: What does it mean when a creditor gets relief from a automatic stay without a waiver of the 14 day stay?
I'm in a chapter 7 bankruptcy. The finance company got relief from the automatic stay without a waiver of the 14 day stay. Does that mean I have two weeks to keep your vehicles or not?
A: Normally before a bankruptcy court order becomes effective there is a 14 day waiting period to give the parties a chance to request reconsideration or file an appeal on the order. If the court did not waive the 14 days, then the order is not effective for 14 days and the finance company cannot act upon the order until those 14 days have passed.
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