When the creditor has security on my assets pledged to them – can they still sue me for bankruptcy? Copy

When the creditor has security on my assets pledged to them – can they still sue me for bankruptcy? Copy

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If the creditor has my property as a collateral and/or security (form of charge or otherwise), do they have to auction off the property (realized the value of the property first to deduct against my debt) or they can sue me anyway without resorting to the above?

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