Stuff to know about bankruptcy

Question 1

what happens at the moment the bankruptcy petition is filed?

Answer 1

the automatic stay is triggered, meaning there is a nationwide injunction effective immediately w/o notice

Question 2

after bankruptcy is filed, will unintentional violations of the automatic stay be punished?

Answer 2

No but the CR might be ordered to give back any property that they’ve seized

Question 3

what status does the TT in bankruptcy get automatically when the DR files bankruptcy?

Answer 3

ideal lien creditor = equivalent of execution lien on all property of the DR