IN RE GILECE

Bankruptcy No. 79-02202T, Adv. No. 80-0462T.

7 B.R. 469 (1980)

In re John J. GILECE, Jr., Debtor. FARMERS AND MECHANICS NATIONAL BANK, Plaintiff, v. John J. GILECE, Jr., Defendant.

United States Bankruptcy Court, E.D. Pennsylvania.

December 10, 1980.


Attorney(s) appearing for the Case

Joseph E. Lewis, Thomas C. Zielinski, Reading, Pa., for debtor.

Kenneth C. Lundeen, Baltimore, Md., for Farmers and Mechanics Nat. Bank.


OPINION

THOMAS M. TWARDOWSKI, Bankruptcy Judge.

The issue presented to the Court for resolution is whether plaintiff, Farmers and Mechanics National Bank [hereinafter referred to as F & M], a secured creditor of the defendant-debtor, is entitled to relief from the stay imposed by 11 U.S.C. § 362(a) (1979). For reasons hereinafter given, we conclude that the stay should be modified to permit F & M to pursue its remedies under state law with respect...

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