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

question 34

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

---

Definitions:

Internationally Trained Immigrants

Immigrants who have obtained professional training, degrees, or qualifications in their country of origin and are integrating into a new country's workforce.

Settlement Issue

Problems or disputes arising in the process of resolving a claim or negotiating a contract, often related to legal, financial, or property matters.

Pre-Migration Experience

The set of circumstances, events, and conditions an individual encounters in their home country before migrating.

Involuntary

Actions or processes occurring without the individual's conscious choice or control.