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IN RE JUDITH RIVER RANCHES, INC.

Bankruptcy No. 81-01984-214, Adv. No. A81-0706-214.

17 B.R. 871 (1982)

In re JUDITH RIVER RANCHES, INC., Debtor. COLUMBIA PACIFIC BANK AND TRUST COMPANY, Plaintiff, v. JUDITH RIVER RANCHES, INC., Jerry D. Smith, U-JIN Enterprises, Inc., Nana Development Corporation, Inc, and Bar El Sky Ranch, Inc, Defendants.

United States Bankruptcy Court, E.D. Washington.

March 1, 1982.

Attorney(s) appearing for the Case

Stephen English and Irving Potter of Wolf, Griffith, Bittner, Abbott & Roberts, Portland, Or., Dan O'Rourke of Malott, Southwell & O'Rourke, Spokane, Wash., for plaintiff, Columbia Pacific Bank and Trust Co.

Thomas Glover of Quigley, Hatch, Loveridge & Leslie, Seattle, Wash., for defendant Judith River Ranches, Inc.

Foster De Reitzes of Wilkinson, Cragun & Barker, Washington, D.C. and Dan P. Hungate of Bogle & Gates, Seattle, Wash., for defendants U-Jin Enterprises, Inc. and Nana Development Corp.

DECISION

L. WARDEN HANEL, Bankruptcy Judge.

This matter having come before the Court for trial on the plaintiff's, Columbia Pacific Bank and Trust Company, complaint to lift the automatic stay pursuant to 11 U.S.C. § 362 and testimony having been heard and exhibits properly entered, the Court makes the following:

FINDINGS OF FACT

I.

On or about February 22, 1978 Jerry D. Smith personally purchased approximately 250 elk from...

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