- 11 U.S.C.
In re Northern Outer Banks Assocs. LLC
Nov
08
2010
Ruling
Relief from stay granted in single asset real estate case where debtor had not filed plan or commenced interest payments.
Procedural posture
Debtor, a North Carolina limited liability company, filed a petition under Chapter 11 of the Bankruptcy Code, and a bank filed a motion for relief from the stay that was imposed pursuant to 11 U.S.C.S. § 362 when the debtor declared bankruptcy or, in the alternative, for adequate protection. The debtor opposed the bank's motion.
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Court
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