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UKRAINIAN SAV. AND LOAN ASS'N v. TRIDENT CORP.

Civ. A. No. 82-2816.

22 B.R. 491 (1982)

UKRAINIAN SAVINGS AND LOAN ASSOCIATION v. The TRIDENT CORPORATION.

United States District Court, E.D. Pennsylvania.

August 6, 1982.

Attorney(s) appearing for the Case

William J. McDevitt, Hepburn, Wilcox, Hamilton & Putnam, Philadelphia, Pa., for plaintiff-appellee.

John T. Curtin, Philips, Curtin & DiGiacomo, Philadelphia, Pa., for defendant-appellant.

OPINION

LUONGO, Chief Judge.

Appellant, The Trident Corporation (Trident) appeals from an order of the Bankruptcy Court terminating the automatic stay of judicial proceedings against certain real property owned by Trident. See 11 U.S.C. § 362(d)(1). Appellee, Ukrainian Savings and Loan Association (the Bank), which moved in the Bankruptcy Court for termination of the stay, is the first mortgagee of the property. For the reasons stated hereafter...

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