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IN RE TRESTLE VALLEY RECREATION AREA, INC.

Bankruptcy No. 82-05626, Adv. No. 82-7396.

45 B.R. 458 (1984)

In re TRESTLE VALLEY RECREATION AREA, INC., Debtor. MINOT AREA DEVELOPMENT CORPORATION, INC., Plaintiff, v. Phillip D. ARMSTRONG, Trustee for Estate of Trestle Valley Recreation Area, Inc., Defendant.

United States Bankruptcy Court, D. North Dakota.

October 22, 1984.

Attorney(s) appearing for the Case

Nevin Van de Streek, Minot, N.D., for plaintiff.

Phillip D. Armstrong, Minot, N.D., Trustee.

MEMORANDUM OPINION AND ORDER

WILLIAM A. HILL, Bankruptcy Judge.

By Complaint originally filed November 16, 1982, and as amended December 3, 1983, the Plaintiff, Minot Area Development Corporation, Inc. (MADC) seeks relief from stay in order to foreclose its security interest in a wood-frame ski lodge. The Defendant/Trustee interposed an Answer claiming the Plaintiff's security interest to be unperfected and subordinate to the lien of the Trustee.

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