- 11 U.S.C.
In re Mantachie Apt. Homes LLC
Mar
12
2013
Ruling
Relief from stay granted to allow bank to complete foreclosure due to lack of adequate protection and debtor's misconduct.
Procedural posture
Debtor LLCs filed separate petitions under chapter 11 of the Bankruptcy Code, and a bank that made loans that were secured by real property the debtors owned filed a motion seeking relief from the automatic stay under 11 U.S.C.S. § 362(d)(1), claiming that its interests in the debtors' properties were not being adequately protected. The court held a hearing on the bank's motions.
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Court
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