(Bankr. E.D. Ky. Feb. 3, 2015)
The bankruptcy court grants the secured creditor’s motion for stay relief with respect to real property owned by the debtor and his daughter. The court finds that the debtor has no equity in the property and, because he claimed his principal residence was elsewhere (although the property was his principal residence only weeks before filing the chapter 13 petition), the property was not necessary to an effective reorganization. Opinion below.
Author: Matt Lindblom