Can A Creditor Be Sanctioned For Doing Nothing
Once a debtor files a bankruptcy petition the automatic stay imposed by the Bankruptcy Code generally precludes actions to recover the debt. It is unclear whether a creditor who seized a debtor's property before they filed for bankruptcy is required to release or return that property after the debtor filed. The U.S. Supreme Court has granted certiorari to hear an appeal from the Seventh Circuit regarding whether a organization that is retaining possession of bankruptcy estat