Bay State Bank Loaned the Fabulously Fresh Seafood Company $300,000,with

Bay State Bank loaned the Fabulously Fresh Seafood Company $300,000,with the fishing company's inventory as collateral.Fabulously Fresh has never missed a payment to Bay State,but has recently been missing payments to a number of its other creditors.On May 12,five other creditors filed an involuntary Chapter 7 bankruptcy petition against Fabulously Fresh.This was not objected to by Fabulously Fresh,and the judge entered an order for relief.Which of the following is the best description of Bay State's legal situation at this point?

A) The automatic stay will prevent Bay State from taking any action relative to its debt until the bankruptcy proceeding is finalized.
B) Because Bay State is a secured creditor, the automatic stay would not apply to it.
C) Because Bay State did not sign the petition, it can take no actions against Fabulously Fresh.
D) Because the loan to Bay State has not had any missed payments, Bay State can take no actions against Fabulously Fresh.
E) Bay State would likely be granted relief from the automatic stay, since the inventory of Fabulously Fresh would likely lose value rapidly.