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IN RE BAILEY

Bankruptcy No. 98-14475.

234 B.R. 7 (1999)

In re Anna A. BAILEY, Debtor.

United States Bankruptcy Court, D. Rhode Island.

May 19, 1999.

Attorney(s) appearing for the Case

Lisa A. Geremia, Geremia & DeMarco Ltd., Providence, RI, for debtor.

Andrew Richardson, Boyajian, Harrington & Richardson, Providence, RI, for Chapter 7 Trustee.

ORDER

RICHARD N. VOTOLATO, Bankruptcy Judge.

Before the Court is the Trustee's Application to compromise a controversy with the Debtor, who owns a home at 299 Church Avenue, Warwick, Rhode Island. The property, recently appraised at $68,000, is subject to a first mortgage of $41,614, leaving equity of approximately $26,000. It is estimated that after a Trustee's sale and payment of a broker's fee, trustee's commission, and debtor's exemption, there...

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