What should I do if I have just received notice that someone else filed bankruptcy and named me as a creditor?
First, you should make no attempt to collect any money owed you by that person, and immediately seek the advice of an attorney. You must wait on using any foreclosure, repossession, bank levy or other debt collection enforcement mechanism until and unless you are successful in a motion in bankruptcy court permitting you to proceed. This remains true even if you have succeeded in suing the debtor and obtaining a judgment and even a lien.
