Motion: Relief from the Automatic Stay Under 11 U.S.C. Section 362(d)(1) for Lack of Adequate Protection
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About this template
This legal template concerns a motion filed in the context of bankruptcy proceedings, specifically requesting relief from the automatic stay mandated by section 362(d)(1) of the United States Bankruptcy Code. The automatic stay is a fundamental provision that halts most actions against a debtor when they file for bankruptcy, providing them with temporary protection from creditor collection efforts.
In this particular motion, the movant is seeking relief from the automatic stay due to a claimed lack of adequate protection. Adequate protection refers to safeguards or payments that a creditor might require to ensure that their interests are not unduly harmed during the bankruptcy process.
The motion likely argues that the debtor's assets or property securing the creditor's claim are not being adequately protected, potentially diminishing the value of the collateral or subjecting it to deterioration, waste, or diminution in value. The movant will likely present evidence and legal arguments explaining why the automatic stay should be lifted to allow the creditor to take whatever steps are necessary to protect their interests while the bankruptcy case proceeds.
Such a motion is typically heard before a bankruptcy court judge, who will consider the evidence and legal arguments presented by all parties involved before determining whether to grant or deny the requested relief from the automatic stay.
This document is likely to be relevant to all sectors: Agriculture, Forestry and Fishing; Mining; Construction; Manufacturing; Transport; Energy; Wholesale; Retail; Finance; Insurance; Real Estate; Legal Services; Consumer, Public & Health Services; Education; Media; Consultancy; Technology; Public Administration; Sport & Entertainment; Other