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.