Both Chapter 7 and 13 have the same automatic stay to stop creditor collection actions. But how they each use that tool is very different. Last time we focused on how you can use the Chapter 7 and Chapter 13 options to your time advantage. Chapter 7 “straight bankruptcy” is very fast. If all or most of your debts can be … Read More
To keep possession of your property that is collateral on a secured debt, you need to give the creditor “adequate protection.”
A creditor might want to pursue your co-debtor, protect itself from violating the stay, or take some other action other than collect money.
A creditor might ask to pursue an insurance-paid claim or to finish a lawsuit determining if you incurred the debt through fraud.