Sep. 9, 2022
Bankruptcy ruling on receivership may be first
“There are immense ramifications if a debtor is allowed to use the code on a property where he created the issue,” attorney Ori S. Blumenfeld said.
A bankruptcy judge in Los Angeles granted a loan company relief from a Torrance homeowner's Chapter 13 automatic stay, accepting the argument that no lender would advance money to receivers trying to alleviate public health and safety problems if their short-term loans were lengthened into multiyear paybacks or frozen in bankruptcy proceedings.
"This was both a fantastic result for my client and an important decision for the lending industr...
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