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Leonard V. & Florence M. Kraus, BK86-158, Ch. 11 (Mar. 19, 1986)

Reported at 61 B.R. 696. The court granted the bank’s motion for relief from stay because debtors had no equity in the mortgaged property and no likelihood of an effective reorganization. Even if reorganization were feasible, the adequate protection offer was insufficient.

Wednesday, March 19, 1986
Judge Timothy J. Mahoney (Retired)