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In re Croatan Surf Club LLC

In re Croatan Surf Club LLC

Ruling
Relief from stay to denied where creditor could not both vote another creditor's claim to object to possibly confirmable plan.
Procedural posture

A bank filed a motion for relief from stay pursuant to 11 U.S.C.S. § 362(d)(1), (2), and (3). The court only addressed the bank's contentions under § 362(d)(3), as that section presented a threshold issue.

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Commercial opinion summary, case decided on January 12, 2012 , LexisNexis #0612-077