General Motors Acceptance Corp. v. Hart (In Re Hart)

ORDER

W. HOMER DRAKE, Jr., Bankruptcy Judge.

This matter is before the Court on the complaint of General Motors Acceptance Corporation (GMAC) for relief from the automatic stay as proposed by 11 U.S.C. § 362(a). The relief sought relates to a 1975 Lincoln Mark IV automobile purchased by and in the possession of the debtor. GMAC holds a purchase money security interest and first lien on said vehicle arising out of an installment sales contract dated November 9, 1979.

On March 25, 1980, the debtor filed a petition under Chapter 7 of the Bankruptcy Reform Act of 1978. On May 2, 1980, the Court held…