- 11 U.S.C.
National Bank of Ark. V. Panther Mt. Land Dev. LLC (In re Panther Mt. Land Dev. LLC)
Apr
15
2011
Ruling
Denial of relief from stay to allow creditor to proceed against debtor developer and its special improvement district affirmed, absent cause.
Procedural posture
Appellant, a secured creditor bank holding mortgages on some of chapter 11 appellee debtor's real property, appealed from an order of the United States Bankruptcy Court for the Eastern District of Arkansas, that denied creditor's motion for relief from the automatic stay, under 11 U.S.C.S. § 362(a)(3). The creditor wished to proceed with a state court foreclosure action against the debtor and its newly formed special improvement districts.
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Court
:
Judge or Jurisdiction information not available