A Close Look At Creditor Roadblocks In Bankruptcy

Law360, New York (May 14, 2014, 2:37 PM EDT) -- Pursuant to Section 362(a)(4) of the Bankruptcy Code, the filing of a bankruptcy petition stays any act to enforce any lien against property of the bankruptcy estate. Accordingly, the filing of a bankruptcy petition at any time prior to the sale of the mortgaged property will stay the further prosecution of a judicial or nonjudicial foreclosure, as well as the pursuit of a money judgment on the mortgage debt.

The mortgage creditor may move for relief from the automatic stay pursuant to the provisions of Section...
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UK Financial Services

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Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.