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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