In re Custom Designed Cabinetry & Constr. Inc.
Mar
09
2009
Ruling
Relief from stay to foreclose granted due to loss of equity cushion in property.
Procedural posture
After the debtor filed a voluntary chapter 11 bankruptcy petition, a creditor moved for relief from the automatic stay pursuant to 11 U.S.C.S. § 362(d) and Fed. R. Bankr. P. 4001 as to the debtor's real estate and business assets. A state court had scheduled a foreclosure sale on those assets.
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Court
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