Strategies, Challenges, and Answers

Archives for October 2009

One Of The Parties To A Lawsuit Files Bankruptcy. Now What?

In this turbulent economy, more and more businesses and individuals are filing for bankruptcy protection. When a bankruptcy is filed, what happens where the debtor is either a Plaintiff or Defendant in litigation?  This post will try to answer those questions. When a Plaintiff or a Defendant files bankruptcy, the federal bankruptcy law imposes an “automatic stay”.  The automatic stay stops all litigation activity of the debtor.  The stay is triggered by the filing of the bankruptcy … [Read more...]