Typically, a corporation will be in Chapter 7 only after its efforts at reorganization under Chapter 11 have failed or if an individual guarantor of its debt has also filed Chapter 7. By that time the business of the corporation will generally no longer be functioning and no one other than creditors will have an interest in the remaining assets. A secured creditor will foreclose after termination of or relief from the automatic stay. Unlike the debtor who is a natural person, the non-functioning corporate debtor no longer has any interest in retaining collateral.