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Under section 362(d)(1) of the House amendment, the court may terminate, annul, modify, or condition the automatic stay for cause, including lack of adequate protection of an interest in property of a secured party. It is anticipated that the Rules of Bankruptcy Procedure will provide that those hearings will receive priority on the calendar.
- Uscode - 11 USC 363
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- Uscode - 11 USC 363
1 Ιαν 2024 · Bankruptcy § 362. Automatic stay on Westlaw. FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
Section 5001(b) of Pub. L. 99–509 provided that: "The amendments made by subsection (a) of this section [amending this section] shall apply only to petitions filed under section 362 of title 11, United States Code, which are made after August 1, 1986." Effective Date of 1984 Amendment
A Practice Note discussing motions for relief from the automatic stay of actions against single asset real estate debtors and actions involving prospective or in rem relief under sections 362 (d) (3) and (d) (4), respectively, of the Bankruptcy Code.
25 Ιουν 2014 · Section 362(d)(2) of the Bankruptcy Code provides for stay relief as to acts against property upon a showing that there is no equity in the property and that the property is unnecessary to an effective reorganization of the debtor.
Contained Within. Title 11 - BANKRUPTCY. CHAPTER 3 - CASE ADMINISTRATION. SUBCHAPTER IV - ADMINISTRATIVE POWERS. Sec. 362 - Automatic stay.
Under Bankruptcy Code section 362 (a), the "automatic stay" applies at the moment a bankruptcy petition is filed. This offers a bankruptcy debtor protection FROM creditors who must file a "Relief from Stay" motion to ask the judge to terminate the stay to take action against the debtor or debtor's property outside of the bankruptcy court.
