 As indicated above, from the time of presentation of the petition in the court office, the company is under the protection of the court.From the commencement of the protection period, the company is effectively immune from creditor action.This prohibition is subject only to a party's (usually a bank's) entitlement to exercise a right of set-off and therefore, absent agreement from the bank not to exercise that right, it is advisable that the company opens a separate trading account for the protection period.