Creditor’s Rights in a Chapter 7 Bankruptcy

Description: 

chapter 7 scrabbleThe filing of a bankruptcy automatically stops the ability of most creditors to collect their debts.  There are some exceptions to this rule, but they are very rare.  This great video explains the basics of bankruptcy, the players, the process and the expectations.  The Foster Smith, a Michigan law firm, created this great video on the basic issues for creditors in a chapter 7 bankruptcy.
Warning – no creditor should take any action against the debtor or property of the debtor.  Talk to experienced bankruptcy counsel to determine your rights.

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