Automatic Stay for Bankrupt Party Doesn't Apply to Co-Defendants, Says Alabama Supreme Court
Lawyers USA › December 30, 2011
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Summary
An insolvent asbestos defendant's bankruptcy filing does not stay all litigation involving solvent co-defendants, the Alabama Supreme Court has ruled.
The plaintiffs filed a wrongful death suit against a number of defendants based on their decedents' exposure to asbestos particles. They sought to hold the defendants jointly and severally liable.See the full content of this document
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Automatic Stay for Bankrupt Party Doesn't Apply to Co-Defendants, Says Alabama Supreme Court
One of the defendants filed for Chapter 11 bankruptcy protection. Th...
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