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Home / Opinion Digests / Bankruptcy – Partnerships – Low Value – Relief from Stay (access required)

Bankruptcy – Partnerships – Low Value – Relief from Stay (access required)

Where the Chapter 7 trustee failed to object to the debtor's claim of exemption for his interest in two partnerships which debtor claimed had a value of $1 each, plaintiffs are entitled to relief from the automatic stay to allow them to purchase debtor's partnership interests, with $1 of his interest in each partnership being ...