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    170 Orderliftingautomaticstay

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    The bankruptcy court lifted the automatic stay for First Bank to foreclose on and sell two lots owned by Berean Baptist Church of Orange Park, which had filed for Chapter 11 bankruptcy. The church had failed to make the adequate protection payment that was due on September 1, 2011 per a previous court order. The order allowed First Bank to obtain an in rem judgment against the property but not seek an in personam judgment against the church.

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    170 Orderliftingautomaticstay

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    The bankruptcy court lifted the automatic stay for First Bank to foreclose on and sell two lots owned by Berean Baptist Church of Orange Park, which had filed for Chapter 11 bankruptcy. The church had failed to make the adequate protection payment that was due on September 1, 2011 per a previous court order. The order allowed First Bank to obtain an in rem judgment against the property but not seek an in personam judgment against the church.

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    170_Orderliftingautomaticstay

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    The bankruptcy court lifted the automatic stay for First Bank to foreclose on and sell two lots owned by Berean Baptist Church of Orange Park, which had filed for Chapter 11 bankruptcy. The church had failed to make the adequate protection payment that was due on September 1, 2011 per a previous court order. The order allowed First Bank to obtain an in rem judgment against the property but not seek an in personam judgment against the church.

    Copyright:

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    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    48 views1 page

    170 Orderliftingautomaticstay

    Uploaded by

    B.B. Member
    The bankruptcy court lifted the automatic stay for First Bank to foreclose on and sell two lots owned by Berean Baptist Church of Orange Park, which had filed for Chapter 11 bankruptcy. The church had failed to make the adequate protection payment that was due on September 1, 2011 per a previous court order. The order allowed First Bank to obtain an in rem judgment against the property but not seek an in personam judgment against the church.

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    of 1

    Case 3:10-bk-04791-PMG

    Doc 170

    Filed 09/15/11

    Page 1 of 1

    UNITED STATES BANKRUPTCY COURT MIDDLE DISTRICT OF FLORIDA JACKSONVILLE DIVISION IN RE: BEREAN BAPTIST CHURCH OF ORANGE PARK, INC ,
    .

    Debtor.

    Case No: 3:1-bk-4791-PMG

    ORDER LIFTING AUTOMATIC STAY This case is before the Court upon the Affidavit of Lance Paul Cohen, attorney for First Bank ("Movant"), showing that the Omnibus Order granting adequate protection of May 10, 2011, is in default because the Debtor has failed to make the payment that was due on September 1, 2011. Debtor failed to file a response within the prescribed time period and; It is ORDERED: 1. The automatic stay imposed by 11 U.S.C. 362 is lifted as to Movant and it may

    proceed with the foreclosure and sale of the following property: Lots 13 and 14, Block 3 of ORANGE PARK ACRES, according to the Plat thereof as recorded In Plat Book 4, Pages 69 - 70 of the Public Records of Clay County, Florida. Parcel No: 330426-013132-000-00 2. This Order is entered for the sole purpose of allowing Movant to obtain an in rem

    judgment against the property and Movant shall not seek an in personam judgment against the Debtor. Dated,

    Se p/em ber

    i5

    ,2011, in Jacksonville, Florida .

    PAUL M. GLENN Chief United States Bankruptcy Judge

    Copies furnished to: Debtor Brad Markey, Attorney for Debtor Lance P. Cohen, Attorney for Movant U. S. Trustee Rule 1007(d) Twenty Largest Unsecured Creditors and Parties In Interest

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