OPINION
HUGHES, Bankruptcy Judge.
Ramco Industries appeals from an order denying its application for relief from the automatic stay of 11 U.S.C. § 362(a) which arose when debtors filed their Chapter 7 cases. There being no equity in the property subject to appellant's lien, we reverse. 11 U.S.C. § 362(d)(2)(A).
I
Ervin and Dorothy Preuss entered into a land sales contract with their son Dale on January 2, 1977. The property was...
Let's get started
Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.
- Updated daily.
- Uncompromising quality.
- Complete, Accurate, Current.