Bankruptcy Law Questions? Ask a Bankruptcy Lawyer Now.
You can seek a restraining order and relief from the order lifting stay on grounds that new evidence has arisen which makes preservation of the status quo in the interest of both creditor and debtor. If you can show that there is a high likelihood that the sale will go through, then the court may grant the request.
There's no magic here. However, your buyer's likelihood of approval on any financing, or depositing a substantial downpayment into escrow could be pursuasive.
Hope this helps.
Terms and Conditions: By your continuing in this conversation with me, or by your clicking “Accept”, you are expressly agreeing to all of the following: (1) our communication is for entertainment purposes only; (2) you are not consulting me in my professional capacity as an attorney; (3) you do not seek to establish an attorney-client relationship with me, nor do I with you; (4) you will not rely on anything I say and you will obtain appropriate legal counsel via a traditional/office consultation with an attorney licensed to practice in the jurisdiction where your legal issue arises (and you may not use our communication to avoid taxpayer penalties imposed by the U.S. Dept. of Treasury); (5) by communicating with me in this public forum you are irrevocably waiving any right to privacy, confidentiality and attorney-client privilege concerning the matters discussed. You further separately declare that any payment made by you is not consideration for this contract, nor offered for any services rendered by me on your behalf, but rather is made in genuine admiration and respect for my desire to help others. If you do not agree with these terms and conditions, then you must advise me immediately.
I cannot contact you outside of this forum, because it would indicate the establishiment of an attorney-client relationship. However, I'm flattered by your offer.
That said, if you can't get to court, then the only recourse would be to offer to pay the lender for a postponement. But, if you aren't going to take the offer, then I don't see the point, because you will lose the property, and your Ch. 11 will be moot, since it's the onyl asset involved.
Not sure what else there is to suggest.