NBC News · updated 6d ago

LAWSUITS "TEMPORARILY PAUSED" AFTER CHAPTER 11 FILING

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“LAWSUITS "TEMPORARILY PAUSED" AFTER CHAPTER 11 FILING”

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Chapter 11's 'automatic stay' instantly halts all lawsuits.

Under 11 U.S.C. § 362, a Chapter 11 filing triggers an automatic stay — a federal injunction pausing civil litigation, debt collection, and foreclosures. Congress codified this protection in the Bankruptcy Reform Act of 1978.

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10 million

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Chapter 11 was used in 1982 to freeze 16,000+ asbestos lawsuits at once!

Johns-Manville Corp. filed for Chapter 11 specifically to halt asbestos injury claims — not because it was insolvent. The move pioneered using bankruptcy's 'automatic stay' as a mass litigation shield.

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