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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Debtor's Fresh Start Application Triggers Interim Moratorium Under Section 81, Halting All Debt-Related Legal Actions</h1> Under Section 81 of the Insolvency and Bankruptcy Code, 2016, when a debtor files an application for a fresh start order, an interim moratorium begins immediately, halting all debt-related legal actions until the application is either accepted or rejected. During this period, no new legal proceedings can be initiated by creditors. The application must be submitted in a prescribed form with a fee and include detailed information such as a list of debts, interest rates, securities, financial details, personal particulars, reasons for the application, any ongoing legal proceedings, and confirmation of no previous fresh start orders within the past year.
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