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In re Michael D. Purdy and JoEllen S. Purdy

Bankr. No.: 
03-40883
Chapter: 
7
Date of Decision: 
September 4, 2003
Issue: 
Whether mortgage company was entitled to relief from the automatic stay regarding its mortgage on Debtors' home where an unsecured creditor objected to the motion based on the alleged fraudulent nature of its claim against Debtors?
Ruling: 
The mortgage company's relief from stay motion was granted because there was no equity in the property for the bankruptcy estate and because granting the relief would not impact the objecting creditor's claim in any regard.
Full Bankruptcy Court Decision: