Rule 2084-23

Stay Relief to Secured Creditors

When a stay relief order unconditionally permits a creditor to foreclose or repossess its collateral, the case trustee shall cease making payments on the creditor’s secured claim if the case trustee has received notice of the order more than five days before a monthly plan distribution, unless the order granting stay relief provides otherwise.  The case trustee may continue distributions to other creditors.

 

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