In Re Ripley

MEMORANDUM OPINION

JEAN K. FITZSIMON, Bankruptcy Judge.

This matter is before the Court on Bank of America’s Motion for Relief from the Automatic Stay pursuant to 11 U.S.C. § 362(d)(2) (the “Motion” or “Motion for Relief’). An evidentiary hearing was held on August 13, 14, and 18, 2008, the “August Hearing”) and this matter is now ripe for adjudication. Upon consideration of the testimony and evidence presented at the August Hearing, as well as an examination of the relevant law, the Court concludes that while the Debtor lacks equity in his property, this property is necessary for a…