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Home / Opinion Digests / Bankruptcy – Relief From Stay – Townhouse Project (access required)

Bankruptcy – Relief From Stay – Townhouse Project (access required)

A Chapter 11 debtor, Parkside Village LLC, developer of a townhouse project, loses its challenge to the bankruptcy court decision finding that Parkside’s secured construction lender, United Bank, had an allowable claim and lifting the automatic stay; the Harrisonburg U.S. District Court affirms on alternative grounds. The bankruptcy court held that because the construction loan ...

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