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The Nuts & Bolts of a Lift Stay Motion
June 7 @ 3:00 pm - 4:00 pm
Edward L. Schnitzer will be a speaker at the Financial Poise™ and West LegalEdCenter™ live webinar titled, “The Nuts & Bolts of a Lift Stay Motion.”
Most businesses of any meaningful size in the United States have a line of credit or term loan with a bank or other lender that is secured by a lien on substantially all of the assets of that business. One of the strongest tools in a secured lender’s toolbox is the ability to ask the bankruptcy court to lift or modify the automatic stay to allow the secured lender to get to its collateral. Needless to say, the debtor will often oppose the lender’s request. This is just one of many aspects of litigation surrounding the automatic stay. The bankruptcy code provides for specific circumstances under which relief from the stay is permitted, and litigation over whether the requisite conditions exist is common. This webinar discusses the scope of the automatic stay and the procedure and grounds for seeking relief.