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MATTER OF RANKIN

Bankruptcy No. 81-00626, Adv. No. 82-0388.

52 B.R. 83 (1985)

In the Matter of George Calvin RANKIN, Jr. a/k/a "Buzz Rankin" and Dorothy Rankin, husband and wife, Debtors. FIRST NATIONAL BANK OF MERCER COUNTY, Plaintiff, v. George Calvin RANKIN, Jr. a/k/a "Buzz Rankin" and Dorothy Rankin: and Henry S. Moore, Trustee, Defendants.

United States Bankruptcy Court, W.D. Pennsylvania.

June 26, 1985.

Attorney(s) appearing for the Case

Henry E. Sewinsky and Rodgers, Perfilio, Heiman and Sewinsky, P.C., Sharon, Pa., for plaintiff.

John Edward Calior, Hermitage, Pa., for debtors.

Henry S. Moore, Grove City, Pa., trustee.

MEMORANDUM AND ORDER

WM. B. WASHABAUGH, Jr., Bankruptcy Judge.

The within action was filed by the First National Bank of Mercer County to obtain relief from the automatic stay so it can collect renewal premiums owed by the New York Life Insurance Company to the debtor under a continuing contract which said debtor assigned as collateral for a loan he contracted with the aforesaid bank. The premiums were payable over a number of years and it was on the strength...

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