Bank of Virginia v. Lindamood (In Re Lindamood)

MEMORANDUM OPINION

H. CLYDE PEARSON, Bankruptcy Judge.

The issue in this Adversary Proceeding is whether relief from the stay should be granted, or adequate protection provided.

Gordon Walker Lindamood, Sr. (Debtor) filed a Chapter 13 case in this Court on October 18, 1981. Prior to the filing of the petition, debtor was engaged in a failing corporate automobile agency, operating his farm, and employed as a Congressional aide. The automobile agency was liquidated and the debtor’s position as Congressional aide terminated due to the Congressman’s failure to be reelected. After a period of…