M. DEE McGARITY, Bankruptcy Judge.
This motion for relief from the automatic stay was filed on behalf of a creditor, New London Savings & Loan Association ("New London"). A final hearing on the motion was held on October 26, 1988. At that hearing, the court found that if New London has a valid perfected security interest in the property in question, there is no equity in the property. The court also found that the property is not necessary for an effective reorganization...
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