|
It seems that at least once a week, a bankruptcy question comes up in one of the dealer/creditor social media groups that we follow. The questions usually involve either selling a vehicle to someone that has filed bankruptcy, or repossessing a vehicle from a bankruptcy debtor. Unfortunately, what usually follows the question are a bunch of anecdotal comments, some good, some not so good, and the person posting the question has to play "Russian Roulette" when deciding which advice to follow.
This is a Tip of the Week, not an advanced class on Bankruptcy, so we're not going to try to delve into the numerous fact patterns that may present themselves or try to anticipate every question. Instead, we're providing four very basic pieces of advice to better prepare our friends and clients when it comes to these issues:
What is the Automatic Stay?
| 
