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IN RE 400 SOUTH MAIN STREET

Bankruptcy No. 90-10667.

128 B.R. 323 (1991)

In re 400 SOUTH MAIN STREET, Debtor.

United States Bankruptcy Court, D. Rhode Island.

June 10, 1991.

Attorney(s) appearing for the Case

Jason D. Monzack, Kirshenbaum & Kirshenbaum, Cranston, R.I., for debtor.

Edward J. Bertozzi, Jr., Gayle P. Ehrlich, Edwards & Angell, Providence, R.I., for Old Stone Bank.

Louis A. Geremia, Quinn, Cuzzone & Geremia, Providence, R.I., trustee.

DECISION AND ORDER

ARTHUR N. VOTOLATO, Jr., Bankruptcy Judge.

Heard on April 16 and May 21, 1991 on the motion of Old Stone Bank (Old Stone) for relief from stay, and for leave to foreclose on the Debtor's real estate, pursuant to 11 U.S.C. § 362(d)(1) and (2) and on the Debtor's objection thereto. In light of the apparent lack of equity in the property, the Trustee has not actively opposed Old Stone's motion.

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