Legal Opinion
Penn Security Bank & Trust Co. v. Royce (In Re Royce)
United States Bankruptcy Court, M.D. Pennsylvania
Decided August 9, 1983No. Bankruptcy No. 5-81-00812, Adv. No. 5-82-0369PublishedCited by 6 opinions
1Opinion of the Court
OPINION
THOMAS C. GIBBONS, Bankruptcy Judge:
The creditor, Penn Security Bank and Trust Company (the Bank), has commenced suit for a modification of the automatic stay imposed by 11 U.S.C. § 362(a) in order to foreclose its mortgage on two parcels of realty owned by the debtor. For the reasons stated herein, we grant the relief requested.
FINDINGS OF FACT
1. The debtor filed for relief under Chapter 7 of the Bankruptcy Code on October 14, 1981.
2. Two parcels of realty owned by the debtor in Scranton, Pennsylvania, are encumbered by a single mortgage held by the Bank. One parcel is located on…
2Cases cited4 opinions
- Duck v. Wells Fargo Bank, National Ass'n (In Re Spectra Prism Industries, Inc.)United States Bankruptcy Appellate Panel for the Ninth Circuit · 1983
- Clark Equipment Credit Corp. v. Kane (In Re Kane)United States Bankruptcy Court, M.D. Pennsylvania · 1983
- American National Insurance v. Vine-Wood Realty Co.Supreme Court of Pennsylvania · 1964
- First Valley Bank v. Brown (In Re Brown)United States Bankruptcy Court, M.D. Pennsylvania · 1982
3Cited by6 opinions
- Matter of Baldwin-United Corp.United States Bankruptcy Court, S.D. Ohio · 1985
- In Re Planned Systems, Inc.United States Bankruptcy Court, S.D. Ohio · 1987
- FSFG Service Corp. v. Ki Joong Kim (In Re Ki Joong Kim)United States Bankruptcy Court, C.D. California · 1987
- In Re WolskyUnited States Bankruptcy Court, D. North Dakota · 1985
- Committee of Creditors of Ludwig Honold Manufacturing Co. v. Central Penn National Bank (In Re Ludwig Honold Manufacturing Co.)United States Bankruptcy Court, E.D. Pennsylvania · 1983
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