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IN RE ALED CORP.

Bankruptcy No. 81-05117 T, Adv. No. 83-0641.

47 B.R. 257 (1985)

In re ALED CORPORATION, Debtor. VALLEY FEDERAL SAVINGS AND LOAN ASSOCIATION, Plaintiff, v. ALED CORPORATION, Defendant.

United States Bankruptcy Court, E.D. Pennsylvania.

March 11, 1985.

Attorney(s) appearing for the Case

Alfred S. Pierce, Nazareth, Pa., for debtor.

William K. Murphy, Easton, Pa., for plaintiff.

MEMORANDUM AND ORDER

THOMAS M. TWARDOWSKI, Bankruptcy Judge.

In this adversary proceeding, the plaintiff, pursuant to 11 U.S.C. § 362(d), seeks relief from the automatic stay as to the Chapter 11 debtor's real property so that it may proceed to foreclosure against said property. For the following reasons, we shall grant the requested relief.1

The parties have stipulated that, as of December 31, 1984, the subject...

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