It's still about capacity and control...

BK laws are Federal, and therefore trump CA civil codes.

From a practical standpoint, I'm not aware of any commercial trustee that would ignore a 9:00 AM filing. The 15 day law pertains to relationback theory and, since the Federal stay is automatic, any transfer if interests within the statute period is affected.

Here's what I've done in the past:

Along with my EPA docs, I've had seller complete and sign the "BK Antidote" which is a Petition for Voluntary Dismisal and Order for Dismissal, which must be signed by judge or clerk. This way, your seller can stop the t-sale with a BK Stay, and you can expedite (and control) the un-bankruptcy action when you've had enough time to complete your due diligence and move forward with the sale. Normally you wouldn't need it but it is helpful if the BK trustee doesn't get a fast 109G Dismissal Order on their own.

You buy time AND control your deal

RicktheProbateGuy.com | Closeprobate.com