IN RE LEDGEMERE LAND CORP.

Bankruptcy Nos. 90-40962 thru 90-40968.

125 B.R. 58 (1991)

In re LEDGEMERE LAND CORP., Ledgemere Condominium Corp., Greenhouse Acres Development, Inc., Marine Charter and Storage Ltd., Corp., Econdo Manufacturing Corp., H.A. Fafard & Sons Construction, Inc., and Howard A. Fafard, Debtors.

United States Bankruptcy Court, D. Massachusetts.

March 8, 1991.


Attorney(s) appearing for the Case

Patrick Dinardo and Gayle Ehrlich, Sullivan & Worcester, Boston, Mass., for debtors.

Joseph Bodoff, Kaye, Fialkow, Richmond & Rothstein, Boston, Mass., for First Nat. Bank of Boston.

Jean Darcey, Palmer & Dodge, Boston, Mass., for Lincoln Nat. Life Ins. Co.

Donald Tesiero, Burns & Levinson, Boston, Mass., for Anarpet Realty Corp.

Harold Murphy, Hanify & King, Boston, Mass., for Howard A. Fafard.


OPINION

JAMES F. QUEENAN, Jr., Chief Judge.

Howard A. Fafard and his various business entities are developers and owners of commercial, industrial, and residential properties located throughout central and eastern Massachusetts. First National Bank of Boston (the "Bank") moves under 11 U.S.C. § 362 for termination of the automatic stay in order to foreclose mortgages covering properties in Salem, Reading, Medford, Bellingham, and Weymouth, Massachusetts...

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