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In re Sabana Del Palmar Inc.

In re Sabana Del Palmar Inc.

Ruling
Relief from stay granted given lack of adequate protection or reasonable possibility of recovery.
Procedural posture

After debtor real estate company filed a petition for bankruptcy protection under chapter 11, a receiver filed a motion for relief from the automatic stay under 11 U.S.C.S. § 362(d)(1) and (2) with respect to the debtor's real estate.

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Commercial opinion summary, case decided on May 29, 2013 , LexisNexis #0713-004