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In re Cultural Assets 1 LLC

In re Cultural Assets 1 LLC

Ruling
Owners of residence occupied by debtor granted relief from stay to determine status of tenancy.
Procedural posture

The owners of a residence occupied by LLC, a chapter 11 debtor, sought relief from stay per 11 U.S.C.S. § 362 in the form of orders allowing them to sell the residence and to continue related state court litigation. Movants also sought an order that no Fed. R. Bankr. P. 4001 stay of proceedings would be in effect.

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Commercial opinion summary, case decided on December 14, 2012 , LexisNexis #0113-007