California Codes, Code of Civil Procedure - CCP, Part 2 — Of Civil Actions, Title 6.5 — Attachment, Chapter 13 — Effect of Bankruptcy Proceedings and General Assignments for the Benefit of Creditors, Section 493.060
(a) Upon the making of a general assignment for the benefit of creditors that terminates a lien under this chapter, the assignee is subrogated to the rights of the plaintiff under the temporary protective order or attachment.
(b) Upon the filing of a petition commencing a case under Title 11 of the United States Code (Bankruptcy), a lien terminated pursuant to this chapter is preserved for the benefit of the estate.
Notes
Establishes that when a general assignment for creditors terminates a lien under the chapter, the assignee succeeds to the plaintiff's rights under the temporary protective order or attachment. When a bankruptcy petition terminates a lien under the chapter, the lien is preserved for the benefit of the bankruptcy estate.
Use as reference
Lexinter.net | California Code, Code of Civil Procedure - CCP § 493.060 | https://laws.lexinter.net/codes/california/code-of-civil-procedure/part-2/title-6-5/chapter-13/section-493-060