Please ensure Javascript is enabled for purposes of website accessibility
Home / Opinion Digests / Bankruptcy – Automatic Stay – Relief – Lack Of Adequate Protection – Equity Cushion (access required)

Bankruptcy – Automatic Stay – Relief – Lack Of Adequate Protection – Equity Cushion (access required)

Where the creditor holds a note executed by debtor and secured by a first deed of trust on a hotel and conference center in Williamsburg, Va., the creditor is entitled to relief from the automatic stay in order to foreclose because the creditor's "equity cushion" in the property was only 2 percent. The bankruptcy court found ...

Leave a Reply