First International Bank & Trust v. Oasis Petroleum North America, LLC

Opinion

IN THE UNITED STATES DISTRICT COURT FOR THE DISTRICT OF NORTH DAKOTA First International Bank & Trust, as ) Trustee of the Clarence and E. Mae ) Helling Family, Trust, ) ORDER OF STAY ) Plaintiff, ) ) vs. ) ) Case No. 1:18-cv-067 Oasis Petroleum North America LLC, ) ) Defendant. ) ______________________________________________________________________________ On October 1, 2020, Defendant Oasis Petroleum North America LLC "("Oasis") filed a "Suggestion of Bankruptcy." See Docket No. 88. In that notice, it requests any further legal proceedings in this matter, or execution on any judgment entered, be stayed pursuant 11 U.S.C. § 362(a)(1). Section 362(a)(1) provides that, upon the filing of a bankruptcy petition, all judicial and other proceedings are stayed. See 11 U.S.C.§ 362(a)(1); see also Missouri v. U.S. Bankruptcy Court for E.D. of Arkansas, 647 F.2d 768, 775 (8th Cir. 1981). On September 30, 2020, Oasis filed a Chapter 11 bankruptcy petition in the United States Bankruptcy Court for the Southern District of Texas. Consequently, this matter is STAYED pursuant to 11 U.S.C. § 362. IT IS SO ORDERED. Dated this 2nd day of October, 2020. /s/ Clare R. Hochhalter Clare R. Hochhalter, Magistrate Judge United States District Court