3 Collier on Bankruptcy P 362.07

Summary

Section 362(d) sets forth the grounds for relief from the stay. It provides that the court “shall” grant relief, for example, by terminating, annulling, modifying or conditioning the stay “for cause, including the lack of adequate protection of an interest in property.”1 In addition, the court “shall” grant relief from the stay of an act against property if the debtor has no equity in the property and the property is not necessary for an effective reorganization. Finally, when the property at issue is a single asset real estate case as defined in section 101,2