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IN RE MUNOZ

Bankruptcy No. 87-03871F, Adv. No. 87-0820F.

83 B.R. 334 (1988)

In re Alvaro J. MUNOZ and Bonnie Lynn Munoz, Debtors. John A. GRIMES, Plaintiff, v. Alvaro J. MUNOZ and Bonnie Lynn Munoz, and Meyer Simon, Esquire, Defendants.

United States Bankruptcy Court, E.D. Pennsylvania.

March 9, 1988.

Attorney(s) appearing for the Case

Robert Lapowsky, Rubin, Quinn & Moss, Philadelphia, Pa., for debtors.

Jay Ochroch, Fox, Rothschild, O'Brien & Frankel, Philadelphia, Pa., for John Grimes.

MEMORANDUM OPINION

BRUCE I. FOX, Bankruptcy Judge:

The instant motion for relief from the automatic stay presents difficult issues for resolution engendered by the bankruptcy of the sole shareholder and principal of a closely held corporation. Unfortunately for the corporate shareholder/principal, the stock of the corporation was pledged as security by him to the former owner of the stock of the corporation when the stock was purchased. Because the former...

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