Bankr. No.:
05-50830
Chapter:
7
Date of Decision:
January 6, 2006
Issue:
Whether creditor was entitled to relief from stay and abandonment over the objection of another creditor who wanted its own property interest protected?
Ruling:
Relief and abandonment were granted since the objecting creditor did not dispute the moving creditor’s allegation that there was no equity in the subject property for the estate. Court asked the parties to cooperate to insure that the objector’s rental property, if any, was kept separate from the collateral being returned to the moving creditor.
Full Bankruptcy Court Decision:
