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|I am a tax certificate holder. How does a bankruptcy petition affect me?
This answer has been viewed 1380 times and was last updated on 09/29/2017.
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When our office is notified that a bankruptcy petition has been filed, we will inform you of the bankruptcy petition. We urge you to seek advice from your legal counsel concerning the bankruptcy procedures, proof of claims, interest rates, payment schedules, defaults, etc. Once we receive a bankruptcy notice, the automatic stay stops our office from any form of enforcement or collection proceedings, and we must immediately terminate any activities in process at that time.
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