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IN RE McBREAIRTY

Bankruptcy No. 180-00150, Adv. No. 180-0068.

10 B.R. 151 (1981)

In re Orin J. McBREAIRTY and Elaine McBreairty, d/b/a Mac's Carpentry & General Construction, Debtors. NORTHERN NATIONAL BANK, Plaintiff, v. THOMAS L. GOODWIN, Trustee, and Orin J. McBreairty and Elaine McBreairty, d/b/a Mac's Carpentry & General Construction, Defendants.

United States Bankruptcy Court, D. Maine.

March 24, 1981.

Attorney(s) appearing for the Case

William Flora, Flora & Canders, P.A., Presque Isle, Me., for debtors.

Thomas L. Goodwin, Houlton, Me., Trustee.

John C. Walker, Presque Isle, Me., for plaintiff.

MEMORANDUM OPINION

CONRAD K. CYR, Bankruptcy Judge.

Requesting relief from the automatic stay in force from the filing of the debtors' voluntary chapter 7 petition, plaintiff seeks to foreclose valid mortgages on real property of the debtors and to reclaim personal property subject to a valid security interest.1 At issue is the extent to which future advances are protected by a second real estate mortgage.

On the strength...

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