- 11 U.S.C.
In re Light Foot Group LLC
Nov
10
2011
Ruling
Debtor's five tracts of land constituted single asset real estate entitling creditor to relief from stay.
Procedural posture
This case filed under chapter 11 was before the court on the Joint Motion of two banks for a declaration that debtor was a single asset real estate entity subject to 11 U.S.C.S. § 362(d)(3). Debtor opposed the Motion, and at the conclusion of a hearing, at which debtor's manager testified, the court reserved decision.
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Court
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