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Bankruptcy

Supreme Court of North Carolina
Uncategorized

East Bay — Bankruptcy stay tolled judgment-renewal deadline

The Supreme Court unanimously reversed. G.S. 1-23 excludes from a limitations period the time during which an injunction or statutory prohibition stays commencement of an action, and the Bankruptcy Code’s automatic stay is exactly such a statutory prohibition. The 711-day stay therefore tolled the ten-year deadline, making East Bay’s renewal action timely. The Court also held that 11 U.S.C. § 108(c) recognizes longer suspension periods supplied b

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