By Robert (Bob) Schuman, Owner/Managing Broker, Network Financial Group Is it 2008 again? For us in the mortgage industry, we woke up this week feeling as if during the night, we were transported back to 2008 when the mortgage industry basically collapsed. Then, Fannie Mae, Freddie Mac, and the FHA were the exceptions. As of March 25, 2020, like everything...
Stay It Isn’t So! Is the Automatic Stay Eroding in the Tenth Circuit?
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By Karin N. Amyx, Staff Attorney to the Trustee Carl Davis (Wichita, KS)
The automatic stay is perhaps the most well-known aspect of the Bankruptcy Code. Frankly, it’s the reason most debtors file bankruptcy – to make everything stop and get some breathing room. Of course, exceptions exist to the breadth of the stay1, but historically it prohibits post-petition conduct to exercise control over estate property.2
Several “acts” are prohibited by the stay, including acts to obtain possession or control over estate propertyIt looks like you are not signed in or registered! This content is only available to members.
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