When a party is adjudicated bankrupt, the proceeding of all actions concerning the bankruptcy estate shall be stayed automatically until a qualified person assumes the action pursuant to the Bankruptcy Act or the bankruptcy proceeding is concluded.
When a party is ordered by the court to begin with liquidation proceedings in accordance with the Consumer Debt Clearance Act, an automatic stay is in effect on all proceedings concerning liquidation of the estate until anadminister assumes the case, or the liquidation proceedings are terminated, or concluded.