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In re Polla

In re Polla

Ruling
Relief from stay granted due to debtor's ongoing failure to make payments on loan and lack of adequate protection.
Issue(s)
Was creditor secured by a lien on debtor's residence in which debtor claimed a homestead exemption for the difference between the value of the property and the secured claim entitled to relief from stay due to debtor's ongoing failure to make payments and lack of an equity cushion?

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Consumer opinion summary, case decided on June 12, 2015 , LexisNexis #0715-008