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IN RE SCHLICHTER

Bankruptcy No. 80-01179K, Adv. No. 82-0535K.

22 B.R. 666 (1982)

In re Stanley L. SCHLICHTER and Doris L. Schlichter, his wife, Individually and Jointly, Debtors. AMERICAN BANK & TRUST CO. OF PA., Plaintiff, v. Stanley L. SCHLICHTER and Doris L. Schlichter, his wife, and James J. O'Connell, Esquire Trustee, Defendants.

United States Bankruptcy Court, E.D. Pennsylvania.

August 23, 1982.

Attorney(s) appearing for the Case

Harris F. Goldich, Norristown, Pa., for plaintiff.

Edward Cohen, Philadelphia, Pa., for defendants/debtors.

David S. Fishbone, Philadelphia, Pa., for defendant/trustee.

Dale E. Lapp, Lancaster, Pa., for Horst Const. Co.

James J. O'Connell, Philadelphia, Pa., trustee/defendant.

Barry Kerchner, Pottstown, Pa., for Whitney Kerchner.

OPINION

WILLIAM A. KING, Jr., Bankruptcy Judge.

This case comes before the Court on a complaint for relief from the automatic stay filed by the major secured creditor, American Bank and Trust Co. of Pa. The sole issue before the Court is whether the automatic stay imposed by § 362 of the Bankruptcy Code should be terminated pursuant to § 362(d)(2). The plaintiff alleges that the debtors and the trustee have no equity in the property to benefit...

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