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IN RE CULLEN

Bankruptcy No. 92-20405.

150 B.R. 1 (1993)

In re Paul D. CULLEN, d/b/a Paul Cullen Plumbing & Heating and Patricia Cullen, Debtors. Paul D. CULLEN, d/b/a Paul Cullen Plumbing & Heating and Patricia Cullen, Movants, v. REDLON & JOHNSON SUPPLY, INC., Respondent.

United States Bankruptcy Court, D. Maine.

January 12, 1993.

Attorney(s) appearing for the Case

Barry E. Schklair, Portland, ME, for debtor/movant.

Stanley F. Greenberg, Greenberg & Greenberg, Portland, ME, for respondent.

MEMORANDUM OF DECISION

JAMES A. GOODMAN, Chief Judge.

On April 8, 1992, Paul and Patricia Cullen ("Debtors") filed their joint petition pursuant to 11 U.S.C. Chapter 13, listing on their schedules of assets certain residential real estate with a fair market value of $95,000.00,1 and an outstanding balance on two mortgages of $98,894.00.2 Thus, as of case commencement, Debtors enjoyed no equity in...

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