Motion to Lift the Stay Law and Legal Definition
In relation to Bankruptcy, motion to lift the stay is a request made by the party to the bankruptcy court for altering the automatic bankruptcy stay to allow the movant to act against the debtor or the debtor's property, as when a creditor seeks permission to foreclose on a lien since its security interest is not adequately protected. Motion to lift the stay is also termed as motion for relief from stay or motion to modify the stay.
