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Hal Luftig Co., In re

Hal Luftig Co., In re

Ruling
Extension of stay to debtor’s non-debtor sole shareholder for life of five-year plan satisfied the "unusual circumstance" test as enforcing the judgment against him would adversely impact the debtor's reorganization efforts. (Bankr. S.D.N.Y.)
Issue(s)
Automatic Stay; Duration; All Other Acts.

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Commercial opinion summary, case decided on February 24, 2025 , LexisNexis #0425-082