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Latest revision as of 17:44, 10 August 2024

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On request of a financial institution with a case secured by the single property real estate and after notification and a hearing, the court will provide relief from the automatic stay to the financial institution unless the debtor submits a practical strategy of reconstruction or begins making passion settlements to the financial institution within 90 days from the date of the filing of the case, or within 1 month of the court's resolution that the case is a solitary asset realty situation.

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