Bankr. No.:
00-40914
Chapter:
13
Date of Decision:
September 6, 2002
Issue:
Whether a bank should be granted relief from the automatic stay to enforce a security interest it claimed in some vehicles owned by the debtors?
Ruling:
In reviewing the debtors’ confirmed plan to decipher the treatment afforded the bank on its claim, the Court found several significant problems and errors with the confirmed plan and the debtors’ schedules. The Court exercised its § 105(b) powers to vacate the confirmation order, and it directed all parties to start anew. The bank’s motion for relief from the stay was denied.
Full Bankruptcy Court Decision:
