Order For Relief From The Automatic Stay

ORDER GRANTING RELIEF FROM THE AUTOMATIC STAY. This form is used in the United States Bankruptcy Court, Middle District of North Carolina, in a Chapter 7 bankruptcy case. It pertains to a motion for relief from the automatic stay filed by a party (referred to as "Movant") under 11 U.S.C. § 362 et seq. The purpose of the motion is to seek permission to take action with respect to certain property, either real property or personal property, that is subject to the automatic stay. The form states that the Movant filed the motion on a specific date, and the Clerk of the Bankruptcy Court mailed a notice to interested parties informing them of the motion and the deadline to file objections. It further indicates that no objections were filed within the stated deadline. The court finds that there is cause to modify the automatic stay provided by Section 362 of the Bankruptcy Code. Therefore, the court issues an order granting the motion and modifying the stay to allow the Movant to exercise its rights regarding the identified real property and/or personal property. The order also requires the Movant to provide an explanation of any surplus proceeds from the disposition of the property to the Trustee, the Debtor(s)' attorney, and the Debtor(s) within 14 days. Additionally, the Movant must send payment of such surplus to the Trustee within 60 days, pending further court orders regarding its distribution. www.FormsWorkflow.com