federal rules of bankruptcy procedure 8005

 Rule 8005. Stay Pending Appeal
A motion for a stay of the judgment, order, or decree of a bankruptcy judge, for approval of a supersedeas bond, or for other relief pending appeal must ordinarily be presented to the bankruptcy judge in the first instance. Notwithstanding Rule 7062 but subject to the power of the district court and the bankruptcy appellate panel reserved hereinafter, the bankruptcy judge may suspend or order the continuation of other proceedings in the case under the Code or make any other appropriate order during the pendency of an appeal on such terms as will protect the rights of all parties in interest. A motion for such relief, or for modification or termination of relief granted by a bankruptcy judge, may be made to the district court or the bankruptcy appellate panel, but the motion shall show why the relief, modification, or termination was not obtained from the bankruptcy judge. The district court or the bankruptcy appellate panel may condition the relief it grants under this rule on the filing of a bond or other appropriate security with the bankruptcy court. When an appeal is taken by a trustee, a bond or other appropriate security may be required, but when an appeal is taken by the United States or an officer or agency thereof or by direction of any department of the Government of the United States a bond or other security shall not be required.
Notes
(As amended Mar. 30, 1987, eff. Aug. 1, 1987.)
Notes of Advisory Committee on Rules—1983
The first, third, and fourth sentences of this rule are adaptations of Rule 8(a) and (b) F.R.App.P. The second sentence of the rule is derived from §39(c) of the Bankruptcy Act and confers on the bankruptcy judge discretion respecting the stay or continuation of other proceedings in the case while an appeal is pending.
The last sentence of the rule, which specifically subjects a trustee to the same kind of security requirements as other litigants, is derived from former Bankruptcy Rule 805. The exemption of the United States from the bond or security requirements is the same as the exemption contained in Rule 62(e) F.R.Civ.P.
Sections 363(m) and 364(e) of the Code provide that unless an order approving a sale of property, or authorizing the obtaining of credit or the incurring of debt is stayed pending appeal, the sale of property to a good faith purchaser or a good faith extension of credit, with or without any priority or lien, shall not be affected by the reversal or modification of such order on appeal, whether or not the purchaser or creditor knows of the pendency of the appeal.

What are the points to consider by a creditor before pursuing a judgement?

 

 Now that you have taken your debtor to the court and received the judgement in your favour it does not mean that all is done and the court will collect the debt in your favour and the debtor will pay. You as a creditor need to consider certain factors before pursuing the judgement.

Some of the key factors to be considered before deciding whether to pursue a judgement or not are as follows:

The costs involved in the procedure: attorney fees, court costs and for certain matters additional services from investigators, consultants or experts and other third parties. The court costs and attorney fees are big factors to be considered as these costs are quite variable and depends from case to case. Also, to pursue a claim you have to attend court at a number of instances, which needs to be considered to figure out the time availability and the cost attached to it.

Another key factor is the limitation time within which the lawsuit is to be pursued.

If there is any counterclaim, potential expense for defending the claim. Once you have a judgement after spending time, it will be futile for you not to pursue a counterclaim because it will leave the work half done.

The financial solvency of the debtor and the likelihood of successful collection is a critical factor to consider before pursuing the judgement.

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