- 11 U.S.C.
Lafayette Fin. LLC v. Horseshoe Point LLC (In re Horseshoe Point LLC)
Apr
14
2011
Ruling
Relief from stay to foreclose granted due to lack of equity in property.
Procedural posture
A lender filed a motion for relief from the automatic stay pursuant to 11 U.S.C.S. § 362(d)(1) in order to foreclose on its indebtedness and lien on a Chapter 11 debtor's property. The lender also made a request to compel adequate protection. A neighboring property owner intervened in support of the lender.
ABI Membership is required to access the full summary of Lafayette Fin. LLC v. Horseshoe Point LLC (In re Horseshoe Point LLC) Please sign in if you are already an ABI member, or otherwise you may Become an ABI Member
Court
: