E53 Federal Credit Union v. Perez (In Re Perez)

OPINION

MICHAEL B. KAPLAN, Bankruptcy Judge.

I. INTRODUCTION

This matter comes before the Court by way of the Chapter 7 Trustee’s (“Trustee”) Motion to Reconsider the Court’s Approval of the Settlement Agreement between Defendant, the Defendant-Debtor, Suzanne Perez (“Debtor” or “Defendant”) and Plaintiff, E53 Federal Credit Union (“the Credit Union”). The Trustee requests that the Court vacate its prior Order approving the Motion to Approve the Settlement Agreement and Vacating the Automatic Stay. 1 The principal issues before the Court are: (1) whether the Credit Union has a perfected security…