In Re Smith

Opinion

STEPHEN RASLAVICH, Chief Judge.

INTRODUCTION

Before the Court is the motion (“Motion”) of Toyota Motor Credit Corporation (“TMCC”) and Toyota Lease Trust (sometimes referred to as “TLT”) for termination of the automatic stay pursuant to 11 U.S.C. § 362(d) and for an order requiring the assumption or rejection of executory contracts or unexpired leases in accordance with 11 U.S.C. § 365(d). The lease at issue is a Closed End Motor Vehicle Lease Agreement (“Lease”) for a 2007 Toyota Sequoia (“Vehicle”). The lessor on the Lease is Faulkner Toyota.

The debtor, William C. Smith (“Debt- or”),…