What is the effect of the commencement of financial reorganization proceedings on existing lawsuits against the debtor?
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Radiif AI Legal Assistant
⚡ Quick Answer:
The commencement of financial reorganization proceedings results in the suspension of claims and lawsuits against the debtor until the date of rejection of the commencement of proceedings, or the court's ratification of the proposal, or the termination of the proceedings before that.
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