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IN RE PHILMONT DEVELOPMENT CO.

Bankruptcy No. 94-17974SR.

181 B.R. 220 (1995)

In re PHILMONT DEVELOPMENT COMPANY, Philmont Meadows Ltd. Partnership # 1, Philmont Meadows Ltd. Partnership # 2 and Philmont Meadows Ltd. Partnership # 3, Debtors.

United States Bankruptcy Court, E.D. Pennsylvania.

May 12, 1995.

Attorney(s) appearing for the Case

Carol B. McCullough, McCullough Law Offices, P.C., Warminster, PA, for debtors.

Michael G. Menkowitz, Fox, Rothschild, O'Brien & Frankel, Philadelphia, PA, for Chemical Bank.

Joseph F. Minni, Asst. U.S. trustee, Office of U.S. Trustee, Philadelphia, PA.

OPINION

STEPHEN RASLAVICH, Bankruptcy Judge.

Before the Court is the Motion of Chemical Bank For Relief From the Automatic Stay (the "Motion") in each of the above jointly administered Debtors cases. An Answer in opposition to the Motion has been filed on behalf of the Debtors, Philmont Development Company, Philmont Meadows Ltd. Partnership # 1, Philmont Meadows Ltd. Partnership # 2 and Philmont Meadows Ltd. Partnership # 3 ("the Debtors"), and an...

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