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LSDefine

Simple English definitions for legal terms

suggestion of bankruptcy

Read a random definition: per voluntatem hominis

A quick definition of suggestion of bankruptcy:

Suggestion of Bankruptcy: When someone files for bankruptcy, they can notify the court through a pleading called a suggestion of bankruptcy. This tells the court that because of the automatic stay provided by the bankruptcy laws, the court cannot take any further action in the case.

A more thorough explanation:

Definition: A suggestion of bankruptcy is a legal document filed by a party in a court case to inform the court that they have filed for bankruptcy. This document also notifies the court that, due to the automatic stay provided by the bankruptcy laws, the court cannot take any further action in the case.

Example: John is involved in a lawsuit with his former business partner. However, John has recently filed for bankruptcy. He files a suggestion of bankruptcy with the court, informing them of his bankruptcy filing and the automatic stay that is now in effect. The court will then halt any further action in the case until the bankruptcy proceedings are resolved.

Another Example: Sarah is being sued by a creditor for unpaid debts. She files for bankruptcy and submits a suggestion of bankruptcy to the court handling her case. The court will then stop any further action in the case until the bankruptcy proceedings are completed.

These examples illustrate how a suggestion of bankruptcy is used to inform the court of a bankruptcy filing and the automatic stay that is in effect. This document is important because it prevents the court from taking any further action in the case until the bankruptcy proceedings are resolved.

suggestion | suggestion of death

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windyMagician
16:25
sticker debt is high-key scary tho
texaslawhopefully
16:26
I’m sure you’ll get good merit aid though. Look at Michigan’s 509 report. They’re very generous.
16:34
i am going to wait patiently into january to get into a law school
16:34
then i will start tweaking
texaslawhopefully
16:42
January could not come any sooner
16:54
i hope you guys all have a very lovely holiday season
17:02
has everyone finished procuring their presents?
17:02
I got my sis a vintage leather jacket off ebay she’s gonna freak she only has fake stuff
hi all
CynicalOops
17:14
Ive been slacking so hard on tickets fawk
CynicalOops
17:14
Wait
CynicalOops
17:14
Presents
CynicalOops
17:14
Im just gonna get everyone tickets so thats why i said that
jackfrost11770
17:14
people are so stupid on the internet its crazy
CynicalOops
17:15
T5 soft
windyMagician
17:18
that and the post asking for low gpa success stories along with every other identifying detail
i should be a vtuber so i can finally realize my dream of becoming an anime girl
17:23
@CynicalOops: tickets to what?
CynicalOops
17:26
I got my brother tickets to a golf tournament and im going to get my mom ski lift tickets because she just moved near a ski resort
Dkk
18:08
Nice, I am on bad terms with my siblings so i am getting them nothing and they should get me nothing too and I am getting my mom a gift.
18:16
I just noticed that UMich has the majority of their acceptances really early on. Does anyone know what happens to mid-November applicants? Are we just cooked?
TGM
18:23
How long can I delay sending my fall grades if they hurt my GPA? I’m still waiting on decisions and ideally I’m hoping they decide BEFORE seeing my new grades
TGM
18:27
dropped my GPA below median for a couple of schools I’m applying to, when I was above median before
Dkk
18:32
@TGM: Not long enough to get another transcript to recover.
Dkk
18:33
Honestly you could just wait until someone actually asks for your fall grades. Who knows.
Dkk
18:34
@wigwav: It looks like if below medians it will not help but If applying in November it seems you are still middle of the cycle.
18:34
@wigwav: nah
TGM
18:34
like am I expected to send it unprompted or can I wait until a school requested it
Dkk
18:35
@TGM: Expected to send it unprompted but you can wait and see.
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