IN RE THURMOND

Bankruptcy No. 683-07538.

41 B.R. 464 (1983)

In re Robert E. THURMOND and Marile J. Thurmond, both dba Best Western Country Squire Inn; both fdba Best Western Country Kitchen Motel; House on the Hill, Debtors-In-Possession.

United States Bankruptcy Court, D. Oregon.

August 1, 1983.


Attorney(s) appearing for the Case

Keith Boyd, McGavic and Boyd, Eugene, Oregon, for debtor.

Albert E. Radcliffe, Eugene, Oregon, for creditor.


MEMORANDUM OPINION

POLLY S. WILHARDT, Bankruptcy Judge.

On June 16, 1983, the debtors-in-possession filed a Notice of Intent to purchase real property and to incur a secured debt out of the ordinary course of business. By such notice, the debtors-in-possession sought authority of the Court to purchase a residence, which purchase would require the debtors-in-possession to assume a new mortgage loan with General Electric Mortgage Corporation in the sum of...

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