IN RE CABRILLO

Bankruptcy No. 88-14415S.

101 B.R. 443 (1989)

In re Robert J. CABRILLO, Shirley A. Cabrillo, Debtors.

United States Bankruptcy Court, E.D. Pennsylvania.

June 23, 1989.


Attorney(s) appearing for the Case

Edwin Eugene Thompson, Ambler, Pa., for debtors.

Kurt Althouse, Reading, Pa., for Meridian Bank.

Leslie B. Baskin, Philadelphia, Pa., trustee.


OPINION

DAVID A. SCHOLL, Bankruptcy Judge.

We here address a Motion for relief from the automatic stay filed by Meridian Bank (hereinafter referred to as "Meridian") to allow it to obtain the proceeds of a certificate of deposit (hereinafter "the CD") held by Robert and Shirley Cabrillo (hereinafter "the Debtors") which was pledged as collateral to secure a loan to the Debtors. We conclude here that, where a creditor asserts that it holds a security interest...

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