What does an automatic stay mean in a chapter 13?
Automatic stay means that your creditors must stop all
collection proceedings against you for the time being. The
creditors should then file a proof of claim with the court so that
they basically get in line when the funds are dispersed. Some
creditors will file motions for relief in which they are asking
that they be able to proceed with collecting on their debt.
Sometimes it's granted, sometimes the creditor comes in with a
compromise to allow the debtor time to repay in a structured way
before they repossess the item in question.