"To lift the stay" means to remove or cancel a temporary halt or suspension of a legal proceeding or action. It allows the case to continue or resume its normal course. Full definition
On the other hand, if there is an automatic stay, you may choose to make an application to lift the stay in chambers to a judge of the Court of Appeal. (sasklawcourts.ca)
The automatic stay prohibits virtually all creditors from taking any action to collect the debts you owe them unless the bankruptcy court lifts the stay and lets the creditor proceed with collections. (doanlaw.com)
(c) make an order lifting the stay of the order under subsection (6), and any order made under subsection (7), effective immediately or on a future date specified in the order. (ontariotenants.ca)