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IN RE TOTO

Bankruptcy Nos. 82-03236G, 82-02940G, Adv. Nos. 82-2103G, 82-2104G.

29 B.R. 947 (1983)

In re Raymond TOTO and Helen Toto, Debtors. The FEDERAL LAND BANK OF BALTIMORE and Southeast Production Credit Association, Plaintiffs, v. Raymond TOTO and Helen Toto, Defendants. In re RAYMOND TOTO & SONS, Debtors. SOUTHEAST PRODUCTION CREDIT ASSOCIATION, Plaintiff, v. RAYMOND TOTO & SONS, Defendant.

United States Bankruptcy Court, E.D. Pennsylvania.

May 19, 1983.

Attorney(s) appearing for the Case

David C. Patten, Cadmus, Patten & Werner, West Chester, Pa., for plaintiffs, The Federal Land Bank of Baltimore and Southeast Production Credit Ass'n.

Jonathan H. Ganz, Pincus, Verlin, Hahn, Reich & Goldstein, Samuel B. Chavenson, Deputy Clerk-Estate Admin., U.S. Bankruptcy Court, Philadelphia, Pa., for defendants, Raymond Toto and Helen Toto and Raymond Toto & Sons.

OPINION

EMIL F. GOLDHABER, Bankruptcy Judge:

The issues in these adversary proceedings, which were consolidated for trial, are whether the mortgagees are entitled to relief from the automatic stay imposed by section 362(a) of the Bankruptcy Code ("the Code"). We conclude that the mortgagees are entitled to such relief because we find that the respective debtors have no equity in the properties in question and because the mortgagees' interests in the subject...

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