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IN RE TAYLOR

Bankruptcy No. 88-11042S, Adv. No. 88-2081S.

96 B.R. 584 (1989)

In re Clarence TAYLOR, Debtor. Clarence TAYLOR, Plaintiff, v. FEDERAL NATIONAL MORTGAGE ASSOCIATION and Edward Sparkman, Trustee, Defendants.

United States Bankruptcy Court, E.D. Pennsylvania.

March 1, 1989.

Attorney(s) appearing for the Case

David Searles, Community Legal Services, Inc., Philadelphia, Pa., for debtor/plaintiff.

David B. Comroe, Rebecca Landes, Philadelphia, Pa., for defendant/FNMA.

Edward Sparkman, Philadelphia, Pa., Standing Chapter 13 trustee/defendant.

OPINION

DAVID A. SCHOLL, Bankruptcy Judge.

The instant case presents a rather bold attempt by a Chapter 13 debtor who is a post-petition co-grantee of a premises to utilize 11 U.S.C. § 506(a) of the Bankruptcy Code to reduce the secured portion of a potential claim of the mortgagee of the premises against him. As this effort is fraught with pitfalls and a lack of equities in favor of the Debtor, we shall deny...

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