In re Harsh (00-10755, Adv. 01-01002)

The Court found Creditors who repossessed property of the estate, and subsequently allowed that property to lose all value, in violation of the automatic stay. The Court ordered the Creditors to pay (1) actual damages for the loss in value of the property; (2) costs of the Trustee’s time and expenses in pursuing the estate’s interest in the property and; (3) pursuant to § 362(h), punitive damages for Creditors’ intentionally remaining ignorant of the requirements of bankruptcy law and for Creditors’ failure to obey a direct order of the Court.

Monday, August 27, 2001