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IN RE CERVELLI

Bankruptcy No. 96-41744 (WFT).

213 B.R. 900 (1997)

In re Michael CERVELLI, Debtor.

United States Bankruptcy Court, D. New Jersey.

October 20, 1997.

Attorney(s) appearing for the Case

Stem, Lavinthal, Norgaard & Daly, Timothy J. Matteson, Englewood, NJ, for Debtor.

Joel Ackerman, Zucker, Goldberg, Becker & Ackerman, Mountainside, NJ, for Secured Creditor Ocwen Federal Bank, FSB.

OPINION

WILLIAM F. TUOHEY, Bankruptcy Judge.

This matter comes before the Court upon Motion of the debtor, Michael Cervelli ("debtor"), to "strip-off" the unsecured claim of the second mortgagee in this matter, Ocwen Federal Bank, FSB ("Ocwen" or "mortgagee"), pursuant to §§ 506(a) and 1322(b)(2) of the Bankruptcy Code and to treat the entire unpaid balance of such claim as wholly unsecured under the debtor...

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