Mid-South Bank & Trust Co. v. Cabe, Inc. (In Re Cabe, Inc.)

ORDER

GEORGE C. PAINE, II, Bankruptcy Judge.

This matter is before the court on Mid-South Bank and Trust Company’s (hereinafter referred to as “Mid-South”) motion for relief from the stay pursuant to 11 U.S.C. § 362(d) (West 1979) in order to foreclose on its security interest in real property held by the debtor. The parties have stipulated that Mid-South has a secured claim against the debtor in the amount of $1,085,198.13 plus interest and that the debtor has no equity in the real property securing Mid-South’s claim. Therefore, the issues before the court are whether the property is necessary…