IN RE PREUSS

BAP No. CC-81-1021-HGV.

15 B.R. 896 (1981)

In re Ervin A. PREUSS and Dorothy R. Preuss, Debtors. RAMCO INDUSTRIES, Appellant, v. Ervin A. PREUSS, Dorothy R. Preuss and Dale Preuss, Appellees.

United States Bankruptcy Appellate Panels of the Ninth Circuit.

Decided December 16, 1981.


Attorney(s) appearing for the Case

Steven E. Smith, Hemar, Gordon & Rousso, Encino, Cal., for appellant.

Ronald D. Halpern, Law Offices of George L. Rogers, Huntington Beach, Cal., for appellee.

Before HUGHES, GEORGE and VOLINN, Bankruptcy Judges.


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...

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