During the pendency of an action, or while any claim, contract, or other obligation remains unsatisfied or unfulfilled which could be used as a setoff against a prior judgment in favor of the defendants or parties or any of them, the court shall enjoin and stay collection and enforcement of the prior judgment in favor of the defendants or parties upon such terms and conditions as the court deems necessary to prevent loss by insolvency, nonresidence, or otherwise.
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