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IN RE FOSSUM

No. 84-5214.

764 F.2d 520 (1985)

In re John R. FOSSUM and Nancy L. Fossum, Debtors. John R. FOSSUM and Nancy L. Fossum, Appellants, v. FEDERAL LAND BANK, Norwest Bank of Sauk Rapids, Creditors Committee, Appellees.

United States Court of Appeals, Eighth Circuit.

Decided June 12, 1985.

Attorney(s) appearing for the Case

Christopher A. Elliott, St. Paul, Minn., for appellants.

James L. Wiant, Sauk Rapids, Minn., for Norwest Bank.

Madge S. Thorsen, Minneapolis, Minn., for Federal Land Bank.

Before BRIGHT, ROSS and JOHN R. GIBSON, Circuit Judges.

ROSS, Circuit Judge.

John and Nancy Fossum filed a chapter 11 bankruptcy petition on December 13, 1982, seeking to reorganize their farming business. The debtors filed a reorganization plan on June 29, 1983, an amended plan on September 23, 1983, and a second amended plan on March 26, 1984. Two creditors — Norwest Bank of Sauk Rapids, Minnesota and the Federal Land Bank — objected to the plan on the basis that...

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