In re Panther Mountain Land Development, Limited Liability Company
United States Bankruptcy Court for the Eastern District of Arkansas
438 B.R. 169 (2010)
Relevant factsFree
Panther Mountain Land Development, L.L.C. (Panther Mountain) owned and was developing two tracts, Sunset Lake Estates and Panther Mountain Estates, and filed for chapter 11 bankruptcy while owing National Bank roughly $1.2 million and $690,000 secured by the two properties respectively. National Bank's first motion for relief from the automatic stay was denied, and it later filed a second motion for relief along with a motion to value the properties, arguing their value was declining.
IssueFree
Whether relief should be granted from an automatic stay for cause under 11 U.S.C. § 362(d)(1) if adequate protection for the creditor's interest exists.
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