Ct.) [hereinafter Newman]; Others argued that the sale by judicial authority of an immovable discharged the hypothec but allowed the holder to obtain the proceeds depending on the rank he occupied. ###>2(1) of the B.I.A. [94] A secured creditor may, however, always decide to participate in the bankruptcy and file his proof of claim. Faillite et insolvabilité, supra note 6 at 73.