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IN RE BAILEY

Bankruptcy No. 82-01877K, Adv. No. 82-1773K.

23 B.R. 222 (1982)

In re Alice M. BAILEY, Debtor. The FIRST PENNSYLVANIA BANK, N.A., Plaintiff, v. Alice M. BAILEY, Defendant.

United States Bankruptcy Court, E.D. Pennsylvania.

September 23, 1982.

Attorney(s) appearing for the Case

Jack K. Miller, Philadelphia, Pa., for debtor/defendant.

James J. O'Connell, Philadelphia, Pa., Standing Trustee.

E. Chandler Hosmer, III, Joseph S. Ziccardi, Philadelphia, Pa., for plaintiff.

OPINION

WILLIAM A. KING, Jr., Bankruptcy Judge.

This case reaches the Court on a complaint for relief from the automatic stay filed by First Pennsylvania Bank, N.A. and a counterclaim filed by the debtor.1 At the trial on the merits, the facts were largely undisputed. The debtor retained over $80,000 equity in her home, despite the existence of two (2) mortgages. The first mortgage with an outstanding balance of approximately...

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