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Latest revision as of 17:44, 10 August 2024

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But submitting an evidence of claim is not necessary if the financial institution's insurance claim is scheduled (yet is not noted as disputed, set, or unliquidated by the debtor) since the debtor's timetables are deemed to comprise evidence of the legitimacy and amount of those insurance claims.

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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