Which of the Following Is True Regarding the Effect of an Automatic

question 82

Multiple Choice

Which of the following is true regarding the effect of an automatic stay on claims of secured creditors in a Chapter 7 proceeding?

• A) The stay affects claims of secured creditors in the same way in which it affects claims of unsecured creditors.
• B) Secured creditors with claims of over $5,000 are not affected by the stay.
• C) Secured creditors with claims of over $15,000 are not affected by the stay.
• D) Secured creditors with claims of over $20,000 are not affected by the stay.
• E) 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.

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Definitions:

Positive Energy

A concept referring to a beneficial force or vibe emanating from someone or something that positively affects the environment and people around them.

Feedback

Information provided regarding aspects of one’s performance or behavior, which is aimed at improving or reinforcing actions or behaviors.

Appreciation

Recognition and enjoyment of the good qualities of someone or something, often leading to expressions of gratitude or acknowledgment.

Positive Reinforcement

A method in behavior management that involves rewarding desired behaviors to encourage their recurrence.