IN RE AUGUSTUS COURT ASSOCIATES

Bankruptcy No. 84-01560G.

46 B.R. 619 (1985)

In re AUGUSTUS COURT ASSOCIATES, A Limited Partnership, Debtor.

United States Bankruptcy Court, E.D. Pennsylvania.

February 20, 1985.


Attorney(s) appearing for the Case

Kenneth T. Ulrich, Richman & Cook, Philadelphia, Pa. Ralph D. Friedman, Jenkintown, Pa., for Chase Sav. and Loan Ass'n and Krems, Maloney and Schreiber.

Arsen Kashkashian, Jr., Kashkashian & Associates Philadelphia, Pa. for debtor, Augustus Court Associates, A Limited Partnership.

John R. O'Rourke, Jr., McTighe, Weiss & Stewart, P.C., Norristown, Pa., Drew Salaman, Philadelphia, Pa., for interested parties.


OPINION

EMIL F. GOLDHABER, Chief Judge:

The query before us is whether we should grant a mortgagee's motion for relief from the automatic stay, to allow it to finalize a mortgage foreclosure action, on the bases that the debtor has missed twenty consecutive monthly mortgage payments, nine of which are postpetition, and that the mortgagee's interest in the property is not adequately protected.

We have summarized the facts of this controversy as follows...

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