IN RE GALBRAITH

Bankruptcy No. 80-00659G, Adv. No. 81-0275G.

19 B.R. 563 (1982)

In re Frank GALBRAITH, Maria Galbraith, his wife, Debtors. CENTRAL MORTGAGE COMPANY, Plaintiff, v. Frank GALBRAITH and Maria Galbraith, Jonathan H. Ganz, Esquire, Trustee, Defendants.

United States Bankruptcy Court, E.D. Pennsylvania.

April 21, 1982.


Attorney(s) appearing for the Case

Peter M. McGonigle, Philadelphia, Pa., for plaintiff, Central Mortg. Co.

Dana McBride Breslin, Delaware County Legal Assistance Ass'n, Chester, Pa., for debtors/defendants, Frank Galbraith and Maria Galbraith.

Jonathan H. Ganz, Philadelphia, Pa., trustee/defendant.


OPINION

EMIL F. GOLDHABER, Bankruptcy Judge:

The issue at bench is whether we should modify the automatic stay to permit the mortgagee to foreclose on the debtors' residence. We conclude that the mortgagee is entitled to such relief (1) "for cause" because the debtors are more than 24 months in arrears on the mortgage and (2) because the debtors have little, if any, equity in the property which equity is being eroded rapidly by the growing escrow deficit...

Let's get started

Leagle.com

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.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases