IN RE KLARICH

Bankruptcy No. 87-01789-BKC-JJB.

75 B.R. 614 (1987)

In re Mary Lu KLARICH, Debtor. UNITED STATES SMALL BUSINESS ADMINISTRATION, Movant, v. Mary Lu KLARICH, Respondent.

United States Bankruptcy Court, E.D. Missouri, E.D.

July 6, 1987.


Attorney(s) appearing for the Case

Mary Lu Klarich, pro se.

William J. Prebil, St. Louis, Mo., for debtor.

Jill S. Newman, Asst. U.S. Atty., U.S. Small Business Admin., St. Louis, Mo., for movant.

Eileen Voss, Trustee, St. Louis, Mo.


JAMES J. BARTA, Bankruptcy Judge.

FINDINGS AND CONCLUSIONS

This proceeding presents the situation of a debtor who delayed commencing a bankruptcy case until less than two hours before a scheduled foreclosure sale. In the usual situation, the automatic stay of 11 U.S.C. § 362 would operate to stop the foreclosure, and the debtor would be granted additional time to attempt to locate new financing, reorganize,...

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