In re Crown Oil & Wax Co.

OPINION

THOMAS M. TWARDOWSKI, Bankruptcy Judge.

This Court, on its own motion, and pursuant to findings of fact and conclusions of law rendered from the Bench, after hearing on November 28, 1979, and formally adopted by this Court on December 11, 1979, reopened the bankruptcy estate of Crown Oil & Wax Company of Delaware [hereinafter referred to as Crown], Matters considered on reopening were: (1) the validity of the mortgages held by one of the creditors, Farmers and Mechanics National Bank, [hereinafter referred to as F & M], on real estate owned by the debtor, and (2) what adverse effect, if…