BK. NO. 93-21983, A.P. No. 93-2225 December 20, 1994 JOHN NINFO, Chief Judge, Bankruptcy BACKGROUND On September 1, 1993, the Debtor, Richard J. Colombo, (the "Debtor") filed a petition initiating a Chapter 7 case. On his schedules, the Debtor listed: (1) his ownership of a residence at 7769 Dryer Road and indicated that it had a value of $100,000 and was subject to mortgage liens of in excess of $120,000; (2) six creditors with unsecured claims totalling $60,352.52, including an obligation to Michael
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