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Amur Equipment Finance, Inc. is pressing for relief from the automatic stay, and the court set the matter for a March 24, 2026 hearing at 11:00 a.m. in Sacramento. The underlying stay-relief motion asks to terminate the stay so Amur can exercise rights and remedies against collateral, while the hearing notice puts that request on the court’s near-term calendar.
For a farm debtor, a secured equipment lender seeking stay relief is operationally important even without a sale or plan milestone: if granted, Amur could move outside the bankruptcy case against collateral the debtor may need to keep farming operations running. The hearing also creates a concrete adversarial checkpoint in a case with no existing scratch-pad history, giving professionals a live issue to monitor rather than just background docket activity.
Chapter 11 Examiner Michael Carmel reported findings that put the debtor’s plan posture under pressure before confirmation. In the Examiner Status Report, Carmel said Five Star Bank account XXX2769 functioned as a clearing account for the debtor’s benefit: every check clearing the account from May through September 2024 was signed by the debtor, about $2.6 million flowed through it in August 2024, nearly $500,000 went to Sutter, and large online transfers lacked explanation. The report also said some employee taxes were withheld but not fully remitted, and criticized the plan for assigning zero value to estate causes of action and farming entities while potential insider claims remain unpursued. The debtor’s response disputed the implications, saying the account was funded by farming entities and largely spent for their benefit. The immediate issue is governance and recoveries: avoidance claims expire August 7, 2026, unless preserved or extended through a trustee appointment.
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