L.A. Mansion Owner Wants to Pause Bankruptcy During Virus

A California man is asking a bankruptcy court to put his Chapter 11 case on ice for 90 days because the new coronavirus has made his reorganization temporarily impossible.

Gennady Moshkovich’s motion for an order temporarily suspending the case, filed Monday in Los Angeles, relies on Section 305(a) of the bankruptcy code, a rarely used provision that gives a bankruptcy judge authority to dismiss or suspend a case if “the interests of creditors and the debtor would be better served.”

A New Jersey bankruptcy judge March 27 used Section 305(a) of the bankruptcy code to suspend the unrelated case of ...