On an adequate protection proposal, the court must establish the value of the secured creditor's interest; identify the risks to that value; & determine whether the proposal, consistent with indubitable equivalence, protects the value against risk
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Opinions
United States Courts Opinions (USCOURTS) collection is a collaborative effort between the U.S. Government Publishing Office (GPO) and the Administrative Office of the United States Courts (AOUSC) to provide public access to opinions from selected United States appellate, district, and bankruptcy courts.
The District of Nebraska offers a database of opinions for the years 1997 to current, listed by year and judge. For a more detailed search, enter the keyword or case number in the search box above.
The court granted stay relief to two lien-holders in a parcel of real estate because they were not adequately protected. The property's value had declined since the petition date and taxes and interest had accrued, reducing the lien-holders' security
Reported at 54 B.R. 700. Debtor's Chapter 13 plan can't be confirmed over the objection of a student loan creditor because the debtor doesn't propose to apply all of his disposable income to the plan, so he can't establish good faith under Estus or § 1325
The bankruptcy court denied a creditor's motion to dismiss debtor's Chapter 13 petition for lack of good faith. Contrary to the creditor's argument, the evidence did not establish that the debtor failed to properly list assets or keep adequate records
The district court reversed an order of confirmation, ruling that the bankruptcy court, in evaluating whether "indubitable equivalence" adequately protected the objecting creditor's interest, did not adequately consider risks to that interest
Reported at 53 B.R. 366. A lawyer or law firm who is a pre-petition creditor is not a disinterested person under the Bankruptcy Code and therefore may not represent a debtor in bankruptcy. Accordingly, compensation for debtors' counsel was disallowed
District court reversed the bankruptcy court's dismissal on the basis of eligibility for Chapter 13 relief. Disputed debts are included in the § 109(e) calculation, but a debt subject to set-off in an amount acknowledged by both parties isn't disputed
After a stipulation on a motion for stay relief was repudiated, a hearing was held to determine debtors' equity in the property, their need for the property in an effective reorganization, and their ability to adequately protect the lender's interest
The district court affirmed the bankruptcy court's order granting relief from the stay, finding that the secured creditor was not adequately protected and the debtor had not been able to establish a realistic prospect of a successful reorganization
Court ordered trustee to abandon real estate to the contract seller. The amount owed exceeded the land value, and it was leased to a tenant. To assume the lease & rents, the trustee would have to cure the contract default, which wouldn't benefit the estat