Filed: Mar. 06, 2020
Latest Update: Mar. 06, 2020
Summary: STIPULATED ORDER FOR RELIEF FROM THE AUTOMATIC STAY ROBERT H. JACOBVITZ , Bankruptcy Judge . Global Lending Services LLC (the "Creditor"), by its undersigned counsel, and Linda A. Montoya (the "Debtor" and together with Creditor, the "Parties"), by and through their undersigned attorney agree and stipulate as follows. RECITALS 1. The Creditor holds a lien on the Debtor's property identified as 2014 CADILLAC CTS VIN #1G6DA1E34E0120885. 2. The Parties desire that 11 U.S.C. 362 automatic
Summary: STIPULATED ORDER FOR RELIEF FROM THE AUTOMATIC STAY ROBERT H. JACOBVITZ , Bankruptcy Judge . Global Lending Services LLC (the "Creditor"), by its undersigned counsel, and Linda A. Montoya (the "Debtor" and together with Creditor, the "Parties"), by and through their undersigned attorney agree and stipulate as follows. RECITALS 1. The Creditor holds a lien on the Debtor's property identified as 2014 CADILLAC CTS VIN #1G6DA1E34E0120885. 2. The Parties desire that 11 U.S.C. 362 automatic s..
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STIPULATED ORDER FOR RELIEF FROM THE AUTOMATIC STAY
ROBERT H. JACOBVITZ, Bankruptcy Judge.
Global Lending Services LLC (the "Creditor"), by its undersigned counsel, and Linda A. Montoya (the "Debtor" and together with Creditor, the "Parties"), by and through their undersigned attorney agree and stipulate as follows.
RECITALS
1. The Creditor holds a lien on the Debtor's property identified as 2014 CADILLAC CTS VIN #1G6DA1E34E0120885.
2. The Parties desire that 11 U.S.C. §362 automatic stay be lifted in favor of the Creditor so that it may pursue its remedies with respect to the Property, including repossession and/or sale of the vehicle, in the State courts.
3. Upon entry of an Order by the Bankruptcy Court giving effect to this Stipulation, the Property shall be deemed abandoned by the Chapter 7 Trustee.
4. In the event that net proceeds are available after the sale of the property by Creditor after the payment of all proper costs of the sale, the payment to Creditor of any and all amounts properly due and owing, and the amount of any exemption permitted to the Debtor, any and all such net proceeds shall be paid immediately the Chapter 7 Trustee.
5. Rule 4001(a)(3) of the Federal Rules of Bankruptcy Procedure shall not be applicable to the stipulated agreement herein.
IT IS ORDERED.
