Ukrainian Savings & Loan Ass'n v. Trident Corp. (In Re Trident Corp.)

OPINION

WILLIAM A. KING, Jr., Bankruptcy Judge.

This case comes before the Court on a complaint for relief from the automatic stay imposed by § 362 of the Bankruptcy Code. Plaintiff holds the first mortgage on property owned by the debtor. The Court will grant relief from the stay and enter an appropriate Order. 1

The debtor, Trident Corporation, filed a petition for relief under Chapter 11 of the Bankruptcy Code in January of 1981. In March of 1981, the plaintiff, Ukrainian Savings and Loan Association filed the instant complaint. Trial commenced on April 28, 1981, and testimony was taken in…