What does that mean filing for bankruptcy will stay the lawsuit and what is the next action for the one suing ?
Answer
Filing for bankruptcy protection activates an automatic order from the bankruptcy court that requires creditors to stop any collections activity, including any lawsuits for money judgments.
The next action for the plaintiff in a stayed suit is to seek the LIVE advice of his or her attorney.
THIS POST CONTAINS GENERAL INFORMATION AND IS INTENDED FOR ENTERTAINMENT PURPOSES ONLY. IT DOES NOT CONSTITUTE LEGAL ADVICE, NOR DOES IT CREATE ANY ATTORNEY-CLIENT RELATIONSHIP. FOR LEGAL ADVICE ON YOUR PARTICULAR MATTER, CONSULT YOUR ATTORNEY.
Answer
What does that mean filing for bankruptcy will stay the lawsuit There usually is no next step for the one suing. Bankruptcy extinguishes the underlying cause of action.
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