In Re Circle Five, Inc.
United States Bankruptcy Court, D. Idaho
1Opinion of the Court
MEMORANDUM DECISION
ALFRED C. HAGAN, Bankruptcy Judge.
The Chapter 12 Debtor moves the Court, pursuant to 11 U.S.C. § 1201 to extend relief of stay to non debtor individuals who signed, and guaranteed, indebtedness to Twin River National Bank and Federal Land Bank of Spokane; or in the alternative, Debtor asks the Court to issue a special stay under 11 U.S.C. § 105. Federal Land Bank objects to the granting of stay protection to the codebtors.
FACTS
The Debtor is a sub chapter S Corporation whose individual stockholders are brothers and sisters. On April 17,1987 the Debtor filed for relief under…
2Cases cited5 opinions
- Kelly v. Solot (In Re Kelly)United States Bankruptcy Appellate Panel for the Ninth Circuit · 1986
- Household Finance Corp. v. Jacobsen (In Re Jacobsen)United States Bankruptcy Appellate Panel for the Ninth Circuit · 1982
- Interstate Securities Corp. v. Costantino (In Re Costantino)United States Bankruptcy Court, D. South Carolina · 1986
- Farmers National Bank of Cynthiana v. Bernstein (In Re Bernstein)United States Bankruptcy Court, S.D. Florida. · 1987
- Matter of LamoreauxUnited States Bankruptcy Court, M.D. Florida · 1987
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