Opinion
19-12308-ta7
11-22-2022
IN RE: Paul Ralph Lucero aka Paul R. Lucero, Debtor.
McCarthy & Holthus, LLP Jason Bousliman, Esq. Paul Ralph Lucero Mark Daniel John Regazzi Edward Alexander Mazel Atlas Acquisitions LLC c/o Becket and Lee LLP Conn Appliances, Inc. Exeter Finance LLC AIS Portfolio Services, LP Allan L Wainwright Atlas Acquisitions LLC Richard Anderson Shay Elizabeth Meagle
McCarthy & Holthus, LLP
Jason Bousliman, Esq.
Paul Ralph Lucero
Mark Daniel John Regazzi
Edward Alexander Mazel
Atlas Acquisitions LLC
c/o Becket and Lee LLP
Conn Appliances, Inc.
Exeter Finance LLC
AIS Portfolio Services, LP
Allan L Wainwright
Atlas Acquisitions LLC
Richard Anderson
Shay Elizabeth Meagle
DEFAULT ORDER GRANTING RELIEF FROM STAY AND ABANDONMENT OF PROPERTY LOCATED AT 10540 BORREGO CREEK DRIVE NW, ALBUQUERQUE, NM 87114
THE HONORABLE DAVID T. THUMA, UNITED STATES BANKRUPTCY JUDGE
This matter came before the Court on the Motion for Relief from Stay and Abandonment of Property filed on 10/13/2022, Docket No. 92 (the "Motion"), by BCMB1 Trust ("Movant"). The Court, having reviewed the record and the Motion, and being otherwise sufficiently informed, FINDS:
(a) On 10/13/2022, Movant served the Motion and notice of the Motion (the "Notice") on counsel of record for Debtor, Paul Ralph Lucero, and the case trustee at that time, Tiffany M. Cornejo, (the "Trustee") by use of the Court's case management and electronic filing system for the transmission of notices, as authorized by Fed.R.Civ.P. 5(b)(3) and NM LBR 9036-1, and on the Debtor and U.S. Trustee by United States first class mail, in accordance with Bankruptcy Rules 7004 and 9014;
(b) The Motion relates to the following property legally described as:
LOT NUMBERED SIXTY-SEVEN (67) OF PLAT OF VENTANA RIDGE AT VENTANA RANCH WEST, ALBUQUERQUE, NEW MEXICO, AS THE SAME IS SHOWN AND DESIGNATED ON THE PLAT THEREOF, FILED IN THE OFFICE OF THE COUNTY CLERK OF BERNALILLO COUNTY, NEW MEXICO ON JANUARY 27, 2005, IN PLAT BOOK 2005C, PAGE 35
and commonly known as: 10540 Borrego Creek Drive NW, Albuquerque, NM 87114;
(c) The Notice specified an objection deadline of 21 days from the date of service of the Notice, to which three days was added under Bankruptcy Rule 9006(f);
(d) The Notice was sufficient in form and content;
(e) The objection deadline expired on November 6, 2022;
(f) As of 11/15/2022, no objections to the Motion have been filed;
(g) The Motion is well taken and should be granted as provided herein; and
(h) By submitting this Order to the Court for entry, the undersigned counsel for Movant certifies under penalty of perjury that on November 15, 2022, McCarthy & Holthus, LLP searched the data banks of the Department of Defense Manpower Data Center ("DMDC") and found that the DMDC does not possess any information indicating that the Debtor is currently on active military duty of the United States.
IT IS THEREFORE ORDERED:
1. Pursuant to 11 U.S.C. §362(d), Movant and any and all holders of liens against the Property, of any lien priority, are hereby granted relief from the automatic stay:
(a) To enforce their rights in the Property, including foreclosure of liens and a foreclosure sale, under the terms of any prepetition notes, mortgages, security agreements, and/or other agreements to which Debtor is a party, to the extent permitted by applicable non-bankruptcy law, such as by commencing or proceeding with appropriate action against the Debtor or the Property, or both, in any court of competent jurisdiction; and
(b) To exercise any other right or remedy available to them under law or equity with respect to the Property.
2. The Property is hereby abandoned pursuant to 11 U.S.C. §554 and is no longer property of the estate. Creditor shall not be required to name the Trustee as a defendant in any action involving the Property or otherwise give the Trustee further notice.
3. The automatic stay is not modified to permit any act to collect any deficiency or other obligation as a personal liability of the Debtor, although the Debtor can be named as a defendant in litigation to obtain an in rem judgment if Debtor is granted a discharge, or to foreclose the Property in accordance with applicable non-bankruptcy law. Nothing contained herein shall preclude Creditor or and any and all holders of liens against the Property, from proceeding against the Debtor personally, to collect amounts due, if Debtor's discharge is denied or if Debtor's bankruptcy is dismissed.
4. This Order shall continue in full force and effect if this case converted to a case under another chapter of the Bankruptcy Code.
5. This Order is effective and enforceable upon entry. The 14-day stay requirement of Fed.R.Bankr.P. 4001(a)(3) is waived.
6. Movant is further granted relief from the stay to engage in loan modification discussions or negotiations or other settlement discussions with the Debtor and to enter into a loan modification with the Debtor.