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IN RE WAYNESBORO HOTEL CO., INC.

Bankruptcy No. 1-81-00713, Adv. No. 1-81-0574.

19 B.R. 561 (1982)

In re WAYNESBORO HOTEL COMPANY, INC., Debtor. FIRST NATIONAL BANK AND TRUST COMPANY, WAYNESBORO, PA., Plaintiff, v. WAYNESBORO HOTEL COMPANY, INC., Defendant.

United States Bankruptcy Court, M.D. Pennsylvania.

April 20, 1982.

Attorney(s) appearing for the Case

Timothy W. Misner, Ullman, Painter & Misner, Waynesboro, Pa., for plaintiff.

David W. Rahauser, Chambersburg, Pa., for defendant.

MEMORANDUM AND ORDER

THOMAS WOOD, Bankruptcy Judge.

The plaintiff seeks relief from the automatic stay provided by section 362 of the Bankruptcy Code so that it may foreclose mortgages against the defendant's real estate. The defendant is the debtor in a Chapter 11 bankruptcy proceeding and is operating its business as debtor-in-possession under section 1107 of the Code. The defendant claims that it has substantial equity in the subject real estate, and...

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