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Rochelle's Daily Wire

First Circuit PROMESA Opinion Addresses the Automatic Stay and Trust Funds

Appeals court says that the bankruptcy court must always address the existence of a trust when ruling on a motion to modify the automatic stay.

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Opinion Link

Case Details

Case Citation

Gracia-Gracia v. Financial Oversight and Management Board (In re Financial Oversight and Management Board for Puerto Rico), 18-1463 (1st Cir. Sept. 25, 2019)

Case Name

Gracia-Gracia v. Financial Oversight and Management Board (In re Financial Oversight and Management Board for Puerto Rico),

Case Type

Na