Along with other sweeping changes taking effect on October 17, 2005 is a new addition to Section 362 of the Bankruptcy Code (hereinafter, the Code). Those with a background in bankruptcy know ...
The bankruptcy court dismissed Spookyworlds claim on summary judgment, holding that the Bankruptcy Codes police or regulatory power exception found in 362(b)(4) permitted the towns actions ...
... creditor can seek an order of the court lifting the stay to permit the creditor to foreclose on the property, sell it, and apply the proceeds to the debt. 11 U.S.C. 362(d). The Bankruptcy Code ...