S&T Bank v. Garbinski (In re Garbinski)
Jul
26
2011
Ruling
Relief from stay to foreclose granted given lack of equity and no reasonable possibility of successful reorganization.
Procedural posture
Secured creditor bank sought an order for relief from the automatic stay pursuant to 11 U.S.C.S. § 362(d)(1) and (2). Respondents, chapter 11 individual debtors opposed the motion, asserting that the bank had verbally granted them time to complete the real estate project subject to the loan.
ABI Membership is required to access the full summary of S&T Bank v. Garbinski (In re Garbinski) Please sign in if you are already an ABI member, or otherwise you may Become an ABI Member
Court
: