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IN RE MADJERAC

Bankruptcy No. 93-20256(7).

157 B.R. 499 (1993)

In re Joseph MADJERAC and Antoinette Madjerac, Debtors.

United States Bankruptcy Court, D. Maine.

August 10, 1993.

Attorney(s) appearing for the Case

Daniel R. Felkel, Richardson & Troubh, Portland, ME, for debtors.

Robert F. MacDonald, Bernstein, Shur, Sawyer & Nelson, Portland, ME, for First NH Bank.

MEMORANDUM OF DECISION

JAMES A. GOODMAN, Chief Judge.

On March 30, 1993, Joseph and Antoinette Madjerac (the "Debtors") filed a petition under 11 U.S.C. Chapter 7. On the date of filing, the Debtors owned three parcels of real estate, each encumbered by the cross-collateralized first mortgage of First New Hampshire Mortgage Corporation ("First N.H.") in the amount of $2,100,000.00. The properties were also encumbered by the attachment lien of Fleet...

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