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Latest revision as of 10:19, 31 December 2024

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On request of a financial institution with an insurance claim secured by the single possession property and after notification and a hearing, the court will approve remedy for the automated keep to the financial institution unless the borrower submits a practical plan of reorganization or starts making rate of interest settlements to the financial institution within 90 days from the date of the filing of the instance, or within thirty days of the court's decision that the situation is a single property property instance.

Create for termination or conversion also includes an unexcused failure to prompt conformity with coverage and filing demands; failing to go to the meeting of financial institutions or participate in an assessment without excellent cause; failing to prompt supply details to the U.S. trustee; and failure to timely pay post-petition tax obligations or prompt data post-petition returns Fed.

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