Legal Question in Bankruptcy in California
bankruptcy and litigation brougt by the debtor
Does Chapter 7 bankruptcy filing
puts the law suits brought by the debtor years before bankruptcy against companies who caused severe financial damages and eventual bankruptcy on stay?
Asked on 12/21/08, 5:34 pm
1 Answer from Attorneys
Robert F. Cohen
Law Office of Robert F. Cohen
Re: bankruptcy and litigation brougt by the debtor
Just for a short time. The lawsuits become property of the bankruptcy estate. The bankruptcy trustee could hire his/her own attorney to pursue, settle them for pennies on the dollar, or could allow you to continue with your own attorney. I would suggest that, if you're contemplating bankruptcy, have your attorney in the lawsuit speak with your bankruptcy attorney to work out a strategy for approaching the issue with the bankruptcy trustee. Good luck!
Answered on 12/21/08, 5:58 pm
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