In re Waltower

Ruling: 
Automatic stay terminated with regard to property surrendered to bank.
Procedural posture: 
Movant property owners filed a motion pursuant to 11 U.S.C.S. § 362(j), seeking confirmation that the automatic stay that was imposed when debtors declared chapter 13 bankruptcy was no longer in effect as to real property the debtors surrendered to a bank. The court held a hearing on the owners' motion.
Issue: 
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Consumer case opionion summary, case decided on September 07,2012, LexisNexis #1012-045