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        Section 81 - Application for fresh start order.

        Insolvency and Bankruptcy Code, 2016
        Chapter II (of Part III)
        FRESH START PROCESS

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        Interim moratorium stays creditor enforcement upon filing for a fresh start order until its admission or rejection. Filing an application for a fresh start order triggers an interim-moratorium from filing until admission or rejection, staying all legal actions and prohibiting creditors from initiating proceedings. The application must follow prescribed form, manner and fee requirements and include an affidavit disclosing all debts with amounts, interest and creditors; security for debts; two years of debtor and immediate family financial information; prescribed personal particulars; reasons for the application; known legal proceedings; and confirmation that no prior fresh start order for the qualifying debts was made in the preceding twelve months.
                        Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                          Provisions expressly mentioned in the judgment/order text.

                              Interim moratorium stays creditor enforcement upon filing for a fresh start order until its admission or rejection.

                              Filing an application for a fresh start order triggers an interim-moratorium from filing until admission or rejection, staying all legal actions and prohibiting creditors from initiating proceedings. The application must follow prescribed form, manner and fee requirements and include an affidavit disclosing all debts with amounts, interest and creditors; security for debts; two years of debtor and immediate family financial information; prescribed personal particulars; reasons for the application; known legal proceedings; and confirmation that no prior fresh start order for the qualifying debts was made in the preceding twelve months.





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