In re Nemec

Ruling: 
Stay could not be extended to cover actions against property owned by debtor's solely owned entity to recover non-consumer debt.
Procedural posture: 
A creditor sought to modify the automatic stay in order to proceed with a foreclosure petition against property owned by an entity of which a chapter 13 debtor was the sole shareholder. The debtor objected, asserting that a pending buyout of the real estate would benefit the creditor and other creditors.
Issue: 
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Commercial case opionion summary, case decided on July 10,2012, LexisNexis #0812-001