17250 West Colfax Holdings LLC v. Koch (In re Koch)
Apr
09
2010
Ruling
Relief from stay to foreclose granted where there was little or no equity in property not necessary to an effective reorganization.
Procedural posture
Before the court was the Motion for Relief from the Automatic Stay filed by movant secured creditor (lender) seeking relief from the automatic stay under 11 U.S.C.S. § 362(d) in order for the lender to exercise its state law rights and remedies, including the continuation of a foreclosure proceeding, as to a property. Debtor opposed the motion.
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Court
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