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Bank in Chapter 7 Case Demanding Court Approval for Loan Modification
Ken:
They don't approve them. Instead they "allow" them or some such thing,
and I think there may be a form for it now. It's not a relief from stay
action. There was a recent thread on this, but I cannot recall when.
Steve
Steven B. Lever
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Clients' lender is requiring Court approval for their loan modification that bank has approved. The best that I think I can do is get an Order that the modification discussion will not violate the stay, which is way past the point where the parties are. Am I wrong? Will judges (in particular B.R.) grant an Order approving a loan mod in a Chapter 7?
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