In Re Lally

Findings of Fact, Conclusions of Law and ORDER Granting Motion to Modify Stay

WILLIAM W. THINNES, Bankruptcy Judge.

The matter before the Court is a Motion to Modify Stay filed by the Metropolitan Life Insurance Company (Metropolitan). Present at the hearing were attorneys Alvin J. Ford and Edward J. Keane for the Debtors and Steven H. Krohn for Metropolitan. Being fully advised and pursuant to F.R.B.P. 7052, the Court now makes the following Findings of Fact, Conclusions of Law and Orders.

In April 1982, Metropolitan obtained a foreclosure judgment against the Debtors. Three parcels of realty…