Bob Stovash Obtains an Injunction to Stop Creditor’s Sale of Membership Interest

Bob Stovash obtained an emergency injunction which prevented a lender from selling the membership interest of a commercial client of Stovash, Case & Tingley, P.A.  The lender claimed a security interest in the membership interest of the firm’s commercial client and claimed a default existed under the loan documents.  Bob Stovash rapidly assessed the actions by the lender and determined the lender had not complied with Florida’s version of the Uniform Commercial Code regarding pre-sale notice and had otherwise not acted properly so as to permit the sale.  Hours before the sale was to occur, the Court agreed with the analysis and entered an injunction which stopped the sale from occurring.