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Harold D. Jones, a partner in Jones & Schwartz, and Lori Lapin Jones, a bankruptcy practitioner in Great Neck, write that with the proliferation of consumer bankruptcy filings that have been prompted by house foreclosures, lenders are faced with promptly evaluating the applicability of the automatic stay and moving for relief from an automatic stay. The flood of these lift stay requests has resulted in defective motions and, in some cases, the imposition of sanctions.
July 15, 2008 at 12:00 AM
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