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IN RE CARINGI

Bankruptcy No. 5-80-00248, Adv. No. 5-80-0210.

19 B.R. 12 (1982)

In re Patrick CARINGI and Maxine Caringi, t/d/b/a Swiss Chalet, Debtors. WILLIAMSPORT NATIONAL BANK, Plaintiff, v. Patrick CARINGI and Maxine Caringi, Defendants.

United States Bankruptcy Court, M.D. Pennsylvania.

April 2, 1982.

Attorney(s) appearing for the Case

Ann S. Pepperman, McNerney, Page, Vanderlin & Hall, Williamsport, Pa., for plaintiff.

Anthony D. Miele, Williamsport, Pa., for debtors.

MEMORANDUM AND ORDER MODIFYING AUTOMATIC STAY

THOMAS WOOD, Bankruptcy Judge.

This is a Chapter 11 proceeding. A secured creditor, Williamsport National Bank (Bank), seeks relief from the automatic stay of section 362 of the Bankruptcy Code so that it may foreclose its mortgage against real estate of the debtors.

FINDINGS OF FACT

1. The Bank loaned $270,000 to the Debtors in February of 1977. The interest rate was 9½% and monthly payments...

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