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IN RE COLRUD

Bankruptcy No. 4-83-00058.

45 B.R. 169 (1984)

In re Gerald A. COLRUD, Sr. and Corrine Colrud, Debtors.

United States Bankruptcy Court, D. Alaska.

December 14, 1984.

Attorney(s) appearing for the Case

Kenneth P. Ringstad, Rice, Hoppner, Brown & Brunner, Fairbanks, Alaska, for debtors.

Gary W. Vancil, Fairbanks, Alaska, for Ralph Buckholtz.

OPINION

J. DOUGLAS WILLIAMS, II, Bankruptcy Judge.

This matter is before the Court on the motion of creditor Ralph Buckholtz to lift the automatic stay to allow a judicial foreclosure sale of real property encumbered by Buckholtz's second mortgage. The property is necessary for the debtors' reorganization and the debtors have substantial equity in the property. Nevertheless, the stay will be modified to allow interest to accrue at the rate of 10.5% and to...

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