- 11 U.S.C.
In re Center 130 LLC
Mar
11
2010
Ruling
Relief from stay denied to high bidder at prepetition foreclosure sale as property was necessary for effective reorganization.
Procedural posture
Debtor filed a voluntary petition for relief under chapter 11 of the Bankruptcy Code and continued to operate as debtor-in-possession. Movant creditor moved for relief from the automatic stay under 11 U.S.C.S. § 362.
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Court
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