Legal Opinion
Northern National Bank v. Goodwin (In re McBreairty)
United States Bankruptcy Court, D. Maine
Decided March 24, 1981No. Bankruptcy No. 180-00150; Adv. No. 180-0068Published
1Opinion of the Court
MEMORANDUM OPINION
CONRAD K. CYR, Bankruptcy Judge.
Requesting relief from the automatic stay in force from the filing of the debtors’ voluntary chapter 7 petition, plaintiff seeks to foreclose valid mortgages on real property of the debtors and to reclaim personal property subject to a valid security interest.1 At issue is the extent to which future advances are protected by a second real estate mortgage.
On the strength of their promissory note and a first real estate mortgage the debtors borrowed $35,000 from the plaintiff with which to construct a dwelling house. Later, Orin McBreairty…
2Cases cited6 opinions
- Gosselin v. Better Homes, Inc.Supreme Judicial Court of Maine · 1969
- Smith v. KerrSupreme Judicial Court of Maine · 1931
- Googins v. GilmoreSupreme Judicial Court of Maine · 1859
- Bunker v. BarronSupreme Judicial Court of Maine · 1899
- Lausier v. GoodwinUnited States Bankruptcy Court, D. Maine · 1980
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