IN RE FRANKE

No. ST 01-02726.

268 B.R. 133 (2001)

In re Paul Robert FRANKE and Kim Renee Franke, Debtors.

United States Bankruptcy Court, W.D. Michigan.

September 20, 2001.


Attorney(s) appearing for the Case

Patrick S. Fragel, Attorney at Law, Traverse City, MI, for debtors.

Lori A. Jenneman, Trott & Trott PC, Bingham Farms, MI, for creditor.


OPINION

JO ANN C. STEVENSON, Bankruptcy Judge.

This matter comes before the Court upon the motions of several first lien holders for lift of the automatic stay under 11 U.S.C. § 362(d)(2). In all cases the first secured creditors argue that the stay should be lifted because the debtors have no equity in the property and the property is not necessary for an effective reorganization.

Furthermore, in all cases the first lienholders have an equity...

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