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SCHROEDER v. FIRST UNION NAT. BANK OF VIRGINIA

Civ. No. JFM-95-315.

182 B.R. 723 (1995)

Douglas Ray SCHROEDER, et al. v. FIRST UNION NATIONAL BANK OF VIRGINIA.

United States District Court, D. Maryland.

May 18, 1995.

Attorney(s) appearing for the Case

William R. Feldman, Protas & Spivok, Bethesda, MD, for appellant.

Richard M. McGill, Upper Marlboro, MD, Scott Randal Robinson, Camp Springs, MD, for appellees.

MEMORANDUM

MOTZ, Chief Judge.

Appellant, First Union National Bank of Virginia, held judgment liens totalling approximately $177,500 against the residence owned by Douglas and Ann Schroeder, appellees and the debtors in a Chapter 7 bankruptcy proceeding. The Schroeders' equity in the residence, as of the time of their bankruptcy filing, was $1,000 (after deduction of consensual liens), and the amount of their allowable...

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