Order Re Relief From Stay {720.90}

720.90 - ORDER RE: RELIEF FROM DEBTOR STAY; CODEBTOR STAY. This form is used in the United States Bankruptcy Court for the District of Oregon to document and issue a formal order regarding relief from the automatic stay or codebtor stay under the U.S. Bankruptcy Code. When a debtor files for bankruptcy, an automatic stay is imposed that temporarily prevents creditors from pursuing collection efforts, foreclosure, or repossession. This form allows a creditor to request that the court lift or modify that stay, either fully or under certain conditions, so the creditor may proceed with their claim against the debtor or the debtor’s property. The order may be based on a court ruling, stipulation of the parties, or the debtor's failure to respond or comply with prior conditions. The form also outlines specific requirements for the debtor, such as regular monthly payments, cure payments for defaults, and maintaining insurance. It may grant full or partial relief from stay, establish procedures for notice of default, set deadlines, waive the typical 14-day delay before enforcement, and provide for amended claims or stipulations between the parties. This order is often used in Chapter 13 or Chapter 12 bankruptcy cases and may include additional provisions, such as termination of plan disbursements or in rem relief affecting the property in future filings. www.FormsWorkflow.com