Restructuring & Loan Workout

Brian Davidoff, Chair of the Bankruptcy, Reorganization, and Capital Recovery Group, shared his insights with Bankrate regarding the types of debt that are excluded from an automatic stay.

Excerpt

While an automatic stay pauses the collection of many common debts, it doesn’t cover everything. “There are certain actions that are not stayed by the automatic stay. These include enforcement of paternity or domestic support obligations, child custody, an order by a taxing agency to determine tax liability and certain police enforcement powers, among others,” says Brian Davidoff, Chair of the Bankruptcy, Reorganization & Capital Recovery practice at Greenberg Glusker in Los Angeles.