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Revision as of 17:28, 2 December 2024

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On demand of a creditor with an insurance claim safeguarded by the single possession realty and after notification and a hearing, the court will provide relief from the automatic stay to the financial institution unless the borrower submits a feasible strategy of reconstruction or begins making rate of interest repayments to the creditor within 90 days from the date of the declaring of the case, or within thirty days of the court's decision that the instance is a solitary asset realty situation.

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