Our client, a community bank, had been thwarted on numerous occasions by a commercial customer’s multiple abusive Chapter 11 bankruptcy filings which were designed to thwart the bank’s legitimate efforts to regain its collateral. On behalf of our client, we successfully objected to a continuation of the automatic stay and, after an evidentiary hearing, obtained a dismissal of the Debtor’s bankruptcy proceeding.
RESULT : Our client was permitted to proceed with the liquidation of its collateral in order to collect its debt against a commercial customer.
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