IN RE JOHNSON

Bankruptcy No. 80-02773G, Adv. No. 81-0197G.

10 B.R. 741 (1981)

In re Catherine M. JOHNSON, Debtor. The BANK OF NEW JERSEY, Plaintiff, v. Catherine M. JOHNSON, and Margaret Graham, Trustee, Defendants.

United States Bankruptcy Court, E.D. Pennsylvania.

April 27, 1981.


Attorney(s) appearing for the Case

Leonard J. Cook, Philadelphia, Pa., for plaintiff, Bank of New Jersey.

Jack K. Miller, Philadelphia, Pa., for debtor/defendant, Catherine M. Johnson.

Margaret Graham, Philadelphia, Pa., Trustee.


OPINION

EMIL F. GOLDHABER, Bankruptcy Judge:

The issue presented in the instant case is whether we should grant relief from the automatic stay provisions of § 362(a) of the Bankruptcy Code ("Code") to permit the secured creditor to proceed to enforce its lien on the debtor's automobile. We conclude that the secured creditor is not entitled to such relief because the debtor has equity in the automobile and because the debtor has offered to provide the...

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