Royal Bank of Pennsylvania v. Three Tuns, Inc. (In Re Three Tuns, Inc.)
United States Bankruptcy Court, E.D. Pennsylvania
1Opinion of the Court
OPINION
EMIL F. GOLDHABER, Bankruptcy Judge:
A secured creditor has filed a request for relief under 11 U.S.C. § 362(d) of the Bankruptcy Code (“the Code”) seeking a modification of the automatic stay imposed by § 362(a) in order to foreclose its mortgage on the debtor’s real property. For the reasons stated herein we will grant the requested relief.
The facts of the case are as follows: 1 The Royal Bank of Pennsylvania (“the bank”) lent the debtor $400,000.00 in 1980 in exchange for a first mortgage on a parcel of realty which is currently worth $750,-000.00. The debtor defaulted on the…
2Cases cited4 opinions
- Boulevard Mortgage Co. v. Hinkle (In Re Hinkle)United States Bankruptcy Court, E.D. Pennsylvania · 1981
- Ukrainian Savings & Loan Ass'n v. Trident Corp. (In Re Trident Corp.)United States Bankruptcy Court, E.D. Pennsylvania · 1982
- Fairmont Foods Co. v. A. Z. J. Z., Inc. (In re A. Z. J. Z., Inc.)United States Bankruptcy Court, E.D. Pennsylvania · 1982
- Central Mortgage Co. v. Galbraith (In Re Galbraith)United States Bankruptcy Court, E.D. Pennsylvania · 1982
3Cited by15 opinions
- In Re ShariyfDistrict Court, E.D. Pennsylvania · 1986
- In Re Morysville Body Works, Inc.United States Bankruptcy Court, E.D. Pennsylvania · 1988
- Matter of LipplyUnited States Bankruptcy Court, N.D. Indiana · 1986
- In Re GravesUnited States Bankruptcy Court, E.D. Pennsylvania · 1986
- In Re Wright, Egan & AssociatesUnited States Bankruptcy Court, E.D. Pennsylvania · 1986
10 more not listed; retrieve them via the Exa API.