Opinion ID: 3025475
Heading Depth: 1
Heading Rank: 2

Heading: issues

Text: On appeal, the Debtors raise two main issues. The first issue is whether the bankruptcy court abused its discretion in granting Appellee relief from the automatic stay. The bankruptcy court granted Appellee relief from the automatic stay under sections 362(d)(1) and 362(d)(2) after finding that the Appellee’s interest in the Dundy property was not adequately protected; that the Debtors did not have any equity in the Dundy property; and that the Dundy property was not necessary to an effective reorganization. 4 As discussed more fully below, because we have decided that the bankruptcy court correctly granted Appellee relief from the automatic stay under section 362(d)(2), we do not need to address the alternative ground for relief under section 362(d)(1). The second issue on appeal is whether the bankruptcy court abused its discretion in denying Debtors’ motion for reconsideration.