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IN RE MIKOLE DEVELOPERS, INC.

Bankruptcy No. 81-02053K, Adv. No. 81-0729K.

14 B.R. 524 (1981)

In re MIKOLE DEVELOPERS, INC., Debtor. NORTH EAST FEDERAL SAVINGS AND LOAN ASSOCIATION, Plaintiff, v. MIKOLE DEVELOPERS, INC., Defendant.

United States Bankruptcy Court, E.D. Pennsylvania.

October 9, 1981.

Attorney(s) appearing for the Case

David S. Fishbone, Philadelphia, Pa., for debtor/defendant.

Mervin J. Hartman, Laurence G. Miller, Philadelphia, Pa., for plaintiff.

OPINION

WILLIAM A. KING, Jr., Bankruptcy Judge.

The issue presently before the Court is whether we should grant relief from the automatic stay provisions of section 362 of the Bankruptcy Code (the Code) to permit the plaintiff, North East Federal Savings And Loan Association ("North East") to foreclose upon commercial property owned by a debtor under Chapter 11 of the Code. We conclude that relief from the §...

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