Legal Opinion
Colonial Mortgage Service Co. v. Dallasta (In Re Dallasta)
United States Bankruptcy Court, E.D. Pennsylvania
Decided December 31, 1980No. 18-18441PublishedCited by 14 opinions
1Opinion of the Court
OPINION
WILLIAM A. KING, Jr., Bankruptcy Judge.
Presently before the court is the Complaint of Plaintiff, Colonial Mortgage Service Company (“Colonial”) seeking relief from the automatic stay to allow it to proceed with mortgage foreclosure proceedings. We will lift the stay in this case because we find that the debtors have no equity in the property and the property is not necessary to an effective reorganization. 1
On May 6, 1980, the debtors filed their petition for relief pursuant to Chapter 13 of the Bankruptcy Code, 11 U.S.C. § 1301 et seq. As a result, the automatic stay provisions of §…
2Cases cited4 opinions
- Heritage Savings & Loan Ass'n v. Rogers Development Corp. (In Re Rogers Development Corp.)United States Bankruptcy Court, E.D. Virginia · 1980
- Matter of Landmark at Plaza Park, Ltd.United States Bankruptcy Court, D. New Jersey · 1980
- Citizens & Southern National Bank v. Feimster (In Re Feimster)United States Bankruptcy Court, N.D. Georgia · 1979
- In Re Gustav Schaefer Co.Court of Appeals for the Sixth Circuit · 1939
3Cited by14 opinions
- La Jolla Mortgage Fund v. Rancho El Cajon AssociatesUnited States Bankruptcy Court, S.D. California · 1982
- James P. Stewart, Trustee of the James P. Stewart and Jeanne F. Stewart Trust v. Phillip S. Gurley Dba Modoc RockCourt of Appeals for the Ninth Circuit · 1984
- Empire Enterprises, Inc. v. Koopmans (In Re Koopmans)United States Bankruptcy Court, D. Utah · 1982
- First Agricultural Bank v. Jug End in Berkshires, Inc. (In Re Jug End in the Berkshires, Inc.)United States Bankruptcy Court, D. Massachusetts · 1985
- North East Federal Savings & Loan Ass'n v. Mikole Developers, Inc. (In Re Mikole Developers, Inc.)United States Bankruptcy Court, E.D. Pennsylvania · 1981
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