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MATTER OF GRANTSVILLE HOTEL ASSOCIATES, L.P.

Bankruptcy No. 88-608, Motion No. 89-49.

103 B.R. 509 (1989)

In the Matter of GRANTSVILLE HOTEL ASSOCIATES, L.P., Debtor. HOME FEDERAL SAVINGS & LOAN ASSOCIATION, Plaintiff, v. GRANTSVILLE HOTEL ASSOCIATES, L.P., Defendant.

United States Bankruptcy Court, D. Delaware.

September 7, 1989.

Attorney(s) appearing for the Case

Michael B. Joseph, Wilmington, Del., for plaintiff.

Pace Reich, Philadelphia, Pa., for debtor/defendant.

BENCH DECISION

HELEN S. BALICK, Bankruptcy Judge.

Home Federal Savings & Loan Association has moved under § 362(d) of title 11, United States Code, for relief from the automatic stay provisions of § 362(a) to permit it to exercise its rights under state law. Section 362(d) is written in the disjunctive and a movant for relief need only establish (1) cause, which includes lack of adequate protection OR (2) that the debtor lacks equity...

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