An Arizona Motion, Notice and Order for Adequate Protection Payments and Opportunity to Object, commonly referred to as an APP, is a document issued by a court in Arizona to ensure that creditors or other interested parties are adequately protected while a debtor is in bankruptcy proceedings. It requires the debtor to make payments from the estate’s assets so that creditors are not left with nothing while the bankruptcy process is ongoing. The APP also provides creditors with an opportunity to object to the payment order if they believe it is not in their best interest. There are two types of Arizona Motion, Notice and Order for Adequate Protection Payments and Opportunity to Object. The first type is known as a “Post-PetitionAPPAPPO which is issued after the debtor has filed for bankruptcy. This type of APP is most often used to ensure that creditors are adequately protected while the debtor is in the process of reorganizing their finances. The second type of APP is known as a Prepetitionon” APPO which is issued before the debtor files for bankruptcy. This type of APP is typically used to ensure that creditors are adequately protected if the debtor decides to file for bankruptcy in the future.
Arizona Motion, Notice and Order for Adequate Protection Payments and Opportunity to Object
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