In re Ferguson
May
31
2012
Ruling
Relief from stay denied where property was necessary for debtor's reasonably possible reorganization despite lack of equity.
Procedural posture
A bank filed a motion seeking relief from the automatic stay pursuant to 11 U.S.C.S. § 362(d)(1) and (2) and a waiver of the 140-day stay of the order provided in Fed. R. Bankr. P. 4001(a)(3). The debtor objected to the bank's motion.
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Court
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