- 11 U.S.C.
In re Lucre Inc.
Mar
20
2006
Ruling
Automatic stay was modified so that a creditor could move forward with efforts to relieve itself from two injunctions but not with regard to other issues including setoff rights.
Procedural posture
In a chapter 11 matter, an alleged creditor that furnished the use of its network moved for relief from an automatic stay with respect to its interconnection agreement with debtor telecommunications company. The creditor requested that the automatic stay be modified so that it could attempt to dissolve state court injunctions that were preventing it from discontinuing services to debtor notwithstanding debtor's alleged breach of the agreement.
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Court
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