Imagine you are a secured creditor trying to collect a debt from an uncooperative debtor. Because you are a secured creditor, your first instinct would probably be to foreclose on the collateral and sell it off. The debtor then files for bankruptcy. Once the debtor files the Petition for Bankruptcy, whether it is chapter 7, chapter 11, or chapter 13, an "automatic stay" immediately arises. This scenario is quite common, and secured creditors need to understand their rights once the automatic stay is in place.