IN RE DALLASTA

Bankruptcy No. 80-00991K, Adv. No. 80-0317K.

7 B.R. 883 (1980)

In re Emil DALLASTA, Barbara Dallasta, Debtors. COLONIAL MORTGAGE SERVICE COMPANY, Plaintiff v. Emil & Barbara DALLASTA, Defendants.

United States Bankruptcy Court, E.D. Pennsylvania.

December 31, 1980.


Attorney(s) appearing for the Case

Mitchell I. Aglow, Doylestown, Pa., for plaintiff.

Roland J. Atkins, Philadelphia, Pa., for debtors/defendants.

Margaret Graham, Philadelphia, Pa., standing trustee.


OPINION

WILLIAM A. KING, Jr., Bankruptcy Judge.

Presently before the court is the Complaint of Plaintiff, Colonial Mortgage Service Company ("Colonial") seeking relief from the automatic stay to allow it to proceed with mortgage foreclosure proceedings. We will lift the stay in this case because we find that the debtors have no equity in the property and the property is not necessary to an effective reorganization.1

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