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(c) Except as provided in subsections (d), (e),
and (f) of this section--
(1) the stay of an act against property of the
estate under subsection (a) of this section continues
until such property is no longer property of the
estate; and
(2) the stay of any other act under subsection (a)
of this section continues until the earliest of--
(A) the time the case is closed;
(B) the time the case is dismissed; or
(C) if the case is a case under chapter 7 of
this title concerning an individual or a case
under chapter 9, 11, 12, or 13 of this title, the
time a discharge is granted or denied.
Thus, unless relief from the automatic stay is granted by order
of a bankruptcy court (see 11 U.S.C. sec. 362(d) (1988)), the
automatic stay generally remains in effect until the earliest of
the closing of the case, dismissal of the case, or the grant or
denial of a discharge. 11 U.S.C. sec. 362(c)(2) (1988); see also
Allison v. Commissioner, supra at 545; Smith v. Commissioner, 96
T.C. 10, 14 (1991); Neilson v. Commissioner, 94 T.C. 1, 8 (1990).
There is no dispute in these cases that the automatic stay
became operative on April 5, 1993--the date that petitioners
filed their chapter 11 bankruptcy petition. The question is
whether the automatic stay was terminated in these cases as a
consequence of the bankruptcy court's order of dismissal issued
March 21, 1995.
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