Yes, the stay of the court may be automatic. It is important for you to get the proper creditor as per your needs. The creditor files the petition in the court to fight against the possible stay. The court can give relief from the possible stay to fight against the stay. The petition can give proper protection to the creditor. If you are secured creditor than court can hear the petition and order the debtor to pay the creditor. The court can gives proper order to filling the bankruptcy. It is most important task for you to fight against the automatic stay to get advantage as per your needs.
The federal act of bankruptcy has defined the different types of bankruptcy under different chapters. In Chapter 7 defined for general bankruptcy case. It covers marriage couples, corporation and partnership etc. Chapter 11 defined for the corporation and partnership. Chapter 12 can be defined for family farmer only while chapter 13 defined for repayment plan. It is one of the most important ways to get the proper protection against the different types of bankruptcy cases.
