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IN RE FIDELITY AMERICA MORTG. CO.

Bankruptcy No. 81-00387G, Adv. No. 81-0375G.

15 B.R. 70 (1981)

In re FIDELITY AMERICA MORTGAGE CO. (a Delaware Corporation), Debtor. CITIBANK, N.A., Plaintiff, v. FIDELITY AMERICA MORTGAGE CO. (a Delaware Corporation), Defendant.

United States Bankruptcy Court, E.D. Pennsylvania.

October 15, 1981.

Attorney(s) appearing for the Case

Nathan Lavine, Adelman & Lavine, Philadelphia, Pa., for intervenor, Walnut Knolls Associates.

David S. Hope, Schnader, Harrison, Segal & Lewis, Philadelphia, Pa., for plaintiff, Citibank, N.A.

Michael Temin, Wolf, Block, Schorr & Solis-Cohen, Philadelphia, Pa., for debtor/defendant, Fidelity America Mortgage Co.

Norman M. Kranzdorf, Kranzco Realty Inc., Bala Cynwyd, Pa., Trustee.

Alexander N. Rubin, Jr., Fell, Spalding, Goff & Rubin, Philadelphia, Pa., for trustee, Norman M. Kranzdorf.

Neal D. Colton, Dechert, Price & Rhoads, Philadelphia, Pa., for secured mortgage noteholders in FAMCO.

Edward C. Toole, Jr., Clark, Ladner, Fortenbaugh & Young, Philadelphia, Pa., Lawrence R. Scheetz, Williams & Scheetz, Richboro, Pa., for creditors' committee in FAMCO.

Elizabeth K. Heinze, Drexel Hill, Pa., Chairwoman, unsecured creditors' committee in FAFCO.

MEMORANDUM OPINION

EMIL F. GOLDHABER, Bankruptcy Judge:

The narrow issue before us is whether we should grant the motion of Walnut Knolls Associates for leave to intervene in the above captioned adversary proceeding. We conclude that we should.

The facts before us are as follows:1

On April 14, 1981, Citibank filed a complaint for relief from the automatic stay against Fidelity America Mortgage Co., a Delaware...

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