Attorneys
Practices
Your Client Filed for Bankruptcy: What Now?
Plaintiff Magazine
June 2023
In this article published by Plaintiff Magazine, a premier publication for Northern California plaintiffs' attorneys, Jim Stang examines how a personal injury claim can become an asset in a bankruptcy estate that may be used to pay creditors. After providing a refresher on bankruptcy basics, Jim discusses the legal effect of a bankruptcy on a client’s PI claim, as well as steps one should take after learning a client has filed for bankruptcy in the past. The article concludes by summarizing that if a client filed a chapter 7 bankruptcy petition after his or her personal injury occurred, the claim is no longer owned by the client, but by the chapter 7 trustee.
To read the full article, click below.