IN RE PELHAM STREET ASSOCIATES

Bankruptcy No. 89-11259.

131 B.R. 260 (1991)

In re PELHAM STREET ASSOCIATES, Debtor.

United States Bankruptcy Court, D. Rhode Island.

August 29, 1991.


Attorney(s) appearing for the Case

Russell D. Raskin, Raskin & Berman, Providence, R.I., for debtor.

Robert D. Wieck, MacAdams & Wieck Inc., Providence, R.I., for Rhode Island Hosp. Trust Nat. Bank.

William J. McGair, McGair and McGair, Providence, R.I., for Ronald W. DelSesto.


DECISION AND ORDER

ARTHUR N. VOTOLATO, Jr., Bankruptcy Judge.

Heard on April 2, 3, and 4, 1991 on the motion of Rhode Island Hospital Trust National Bank (RIHT) for Relief From Stay and for leave to foreclose on the Debtor's property located in Newport, Rhode Island.

RIHT seeks relief pursuant to both 11 U.S.C. § 362(d)(1) (lack of adequate protection) and § 362(d)(2) (lack of equity in property, and property not necessary to an effective...

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