Question: If an automatic stay is in effect in a Chapter 7 proceeding, which of the following statements is NOT accurate? Group of answer choices A
If an automatic stay is in effect in a Chapter proceeding, which of the following statements is NOT accurate?
Group of answer choices
A creditor who received a judgment against a debtor prior to the bankruptcy filing may not act to enforce the judgment.
If the debtor was a debtor in a bankruptcy case that was dismissed within a year of the current bankruptcy case filing, the stay automatically terminates days after the current filing.
The court may exclude secured creditors from the stay if they petition the court to show that they do not have adequate protection under the stay.
Creditors cannot attempt to repossess property during bankruptcy proceedings.
Legal actions to collect child support payments are subject to the stay.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
