In re Prime Props. of N.Y. Inc.
Oct
13
2010
Ruling
Relief from stay granted to secured creditor in single asset real estate case.
Procedural posture
Creditor, the servicer for an agency holding a secured interest in the single asset real estate owned by debtor, moved for relief from stay per 11 U.S.C.S. § 362(d)(1) and (2). Debtor opposed that motion and moved for an order pursuant to 11 U.S.C.S. § 363 allowing sale of the property free and clear of all liens including that of the agency.
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Court
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