A Personal Injury Victim Can Lift a Bankruptcy Stay

The current economic crises is affecting personal injury lawsuits as greater numbers of small and medium sized companies, which have personal injury lawsuits pending against them, file bankruptcy. The filing of a bankruptcy petition operates as an automatic stay against the personal injury victim's claim against the bankrupt company. However, as a general rule, a personal injury victim can have the bankruptcy stay lifted, at least to the extent of available insurance proceeds. This is how it is done.

Source: http://EzineArticles.com/7942466

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