In Re New Era Co.

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• holding that because both elements of § 362(d)(2) had been met, court need not reach the question of relief under § 362(d)(1)
• Timbers standard not satisfied when debtor did not present any documentary to support its \unrealistic hypotheticals\
• the ownership of the additional collateral was unclear and the property was subject to an interpleader action
• “Equity in this context refers to the ‘difference between the property value and the total amount of liens against it.” (internal citations and quotation marks omitted)
• “section 362(d)(2) only demands an analysis of the debtor’s equity in the property”
• “Since the provision [11 U.S.C. § 362(d)(2)] was drafted in the conjunctive, it is clear that both prongs of the test must be satisfied before relief from the stay can be granted”

Source: CourtListener parenthetical corpus (CC0).