- 11 U.S.C.
Four J Funding LLC v. Land Pres. LLC (In re Land Pres. LLC)
Jul
02
2007
Ruling
Relief from stay to allow foreclosure granted in single asset case.
Procedural posture
Secured creditor filed a motion for relief from the automatic stay to permit the creditor to continue with a pending state-court foreclosure action. The motion asserted that the debtor's case was a single asset real estate case under 11 U.S.C. § 362(d)(3), that the debtor lacked equity in the property; and that the property was not necessary for a reorganization.
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Court
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