Once a bankruptcy petition is properly filed, creditors can commence or continue most legal actions against the debtor to recover claims.

Name: Once a bankruptcy petition is properly filed, creditors can commence or continue most legal actions against the debtor to recover claims.
Brand: Quizplus
Rating: 4.8 (60 reviews)

Question

Quizplus · Accepted Answer

Once a bankruptcy petition is properly filed, an automatic stay is put into place, which prevents most creditors from commencing or continuing legal actions against the debtor to recover claims.

Once a Bankruptcy Petition Is Properly Filed, Creditors Can Commence