Creditors can attempt to repossess property during bankruptcy proceedings.

Question

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Once a petition,voluntary or involuntary,is filed,the Bankruptcy Code provides for an automatic stay,or moratorium,for almost all creditor litigation against the debtor.During the stay,creditors cannot bring or continue legal action against the debtor or his property.For example,creditors cannot attempt to repossess property during bankruptcy proceedings.

Creditors Can Attempt to Repossess Property During Bankruptcy Proceedings