Moratorium on debts stays proceedings and bars creditors from enforcement while insolvency resolution progresses. A moratorium begins on admission of an insolvency application and stays pending actions, bars creditor proceedings and prevents the debtor from ... Summary
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Moratorium on debts stays proceedings and bars creditors from enforcement while insolvency resolution progresses.
A moratorium begins on admission of an insolvency application and stays pending actions, bars creditor proceedings and prevents the debtor from transferring or encumbering assets; these prohibitions extend to partners where a firm is admitted, and certain transactions may be excluded by government notification.
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