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IN RE PANNELL

Bankruptcy No. 80-01911K, Adv. No. 81-0169K.

12 B.R. 51 (1981)

In re Wanda W. PANNELL, Debtor. PROVIDENT SAVINGS ASSOCIATION (formerly known as University City Savings & Loan Association), Plaintiff, v. Wanda W. PANNELL and Margaret Graham, Trustee, Defendants.

United States Bankruptcy Court, E.D. Pennsylvania.

June 15, 1981.

Attorney(s) appearing for the Case

Alan H. Gilbert, Philadelphia, Pa., for plaintiff.

Margaret Graham, Philadelphia, Pa., trustee.

Carole L. McHugh, Philadelphia, Pa., for debtor.

OPINION

WILLIAM A. KING, Jr., Bankruptcy Judge.

Provident Savings Association ("Provident") has commenced an adversary proceeding to modify the automatic stay imposed by Bankruptcy Code § 362 in order to permit it to continue foreclosure proceedings.

The debtor requests that the stay be continued, contending that Provident is adequately protected because there exists an equity cushion and because debtor has offered to make periodic payments...

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