- 11 U.S.C.
In re FRE Real Estate Inc.
Jun
06
2011
Ruling
Relief from stay granted unless debtor's affiliates make deposits protecting creditor's interests.
Procedural posture
Movant, the agent for a bank that was a debtor's main creditor, asked the court to grant relief from stay per 11 U.S.C.S. § 362 to allow it to foreclose on certain property of a chapter 11 debtor on the grounds that debtor lacked equity in the property and will be unable to reorganize or, alternatively, that the case was a bad faith filing that was subject to termination of stay per § 362(d)(1).
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Court
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