- 11 U.S.C.
In re Plateau Energy Inc.
Oct
28
2011
Ruling
Relief from stay to foreclose granted as debtor's case was filed in bad faith.
Procedural posture
Debtor limited liability company filed a petition under Chapter 11 of the Bankruptcy Code, and a bank that had loaned the debtor money filed a motion seeking relief under 11 U.S.C.S. § 362(d) from the stay that was imposed when the debtor declared bankruptcy so it could foreclose on real property that was owned by the debtor's managing members. The debtor opposed the motion.
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Court
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