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IN RE JONES

Bankruptcy No. 96-30052.

201 B.R. 371 (1996)

In re Steven E. JONES and Linda R. Jones, Debtors.

United States Bankruptcy Court, D. New Jersey.

As Corrected October 21, 1996.

Attorney(s) appearing for the Case

Robert C. Nisenson, Borrus, Goldin, Foley, Vignuolo, Hyman & Stahl, New Brunswick, NJ, for Creditor Wagner Carbide Saw, Inc.

Andrew P. Zacharda, Maciag & Associates, P.A., Sommerville, NJ, for Debtors.

MEMORANDUM OPINION

STEPHEN A. STRIPP, Bankruptcy Judge.

This is the court's decision on a motion for relief from the automatic stay. The issues addressed herein are: (1) whether the anti-modification provision of Bankruptcy Code § 1322(b)(2) applies to a mortgage which secures no value in light of senior liens, and (2) whether a security interest in fixtures, condemnation awards and insurance proceeds prevents the application of the anti-modification...

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