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IN RE RED OAK FARMS, INC.

Bankruptcy No. 82-1630-S-11, Adv. No. 83-0442-S-11.

36 B.R. 856 (1984)

In re RED OAK FARMS, INC., Debtor. The MUTUAL LIFE INSURANCE COMPANY OF NEW YORK and Bank of Wheaton, Plaintiffs, v. RED OAK FARMS, INC., Defendant.

United States Bankruptcy Court, W.D. Missouri, S.D.

February 15, 1984.

Attorney(s) appearing for the Case

Linda Gershon, Kansas City, Mo., for Mutual Life Insurance of New York.

Timothy R. Whelan, Joplin, Mo., for Bank of Wheaton.

Gary A. Love, Springfield, Mo., for debtor.

Donald R. Kronenberger, Jr., Acting Regional Atty., Dept. of Agriculture, Kansas City, Mo., for Farmers Home Administration.

MEMORANDUM OPINION AND ORDER

JOEL PELOFSKY, Bankruptcy Judge.

In this Chapter 11 case debtor proposes to sell a portion of its real estate to fund its cattle raising operation. Mutual of New York, hereinafter Mony, holds a security interest in the real estate. It opposes the sale and proposed use of the proceeds. Bank of Wheaton holds a security interest in cattle owned by the debtor. The Bank has filed a Complaint to Lift the Stay, in which Mony joins,...

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