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Cal. Rules of Court, rule 493.060
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§ 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 …
Part 2: Of Civil Actions | Title 6.5: Attachment | Chapter 13: Effect of Bankruptcy Proceedings and General Assignments for the Benefit of Creditors
Rule Text
(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.
Amendment history: Amended by Stats. 1979, Ch. 177.