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IN RE LUCAS

Bankruptcy No. 80-01768 T.

45 B.R. 805 (1985)

In re Calvin LUCAS, Jr., a/k/a Calvin Lucas, Individually and t/a Skip's Performance, Skip's Auto Truck & Van-Van Mania, CVC, Skip's Speed Enterprises, Debtor.

United States Bankruptcy Court, E.D. Pennsylvania.

January 29, 1985.

Attorney(s) appearing for the Case

Allan B. Goodman, Bethlehem, Pa., for debtor.

David G. Campbell, Reading, Pa., for Bank of Pennsylvania.

James G. Watt, Allentown, Pa., for Ravin R. Mill.

Karl E. Friend, Allentown, Pa., trustee.

MEMORANDUM OPINION

THOMAS M. TWARDOWSKI, Bankruptcy Judge.

A public sale of the Chapter 7 debtor's personal property by the bankruptcy trustee realized a net sum of $5,138.00, which the trustee continues to hold in escrow. It is undisputed that all of the property sold was encumbered by a valid security interest held by the Bank of Pennsylvania ("Bank") and served as security for the debtor's debt to the Bank of approximately $19,000.00.

Presently...

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