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Dude, your car is with your creditor: How the Supreme Court’s decision on automatic stays may impact creditors

Lauren Newman January 21, 2021
Two truck towing an SUV vehicle

The Supreme Court has held in City of Chicago v. Fulton that a creditor does not violate the automatic stay by merely retaining possession of the debtor’s property after a bankruptcy filing. Creditors will no longer have to immediately surrender property in their possession to the debtor to avoid liability for violating the automatic stay. READ MORE