IN RE MAGNUS

Bankruptcy No. 84-05547.

50 B.R. 241 (1985)

In re Neil MAGNUS and Mavis Magnus, husband and wife, Debtors.

United States Bankruptcy Court, D. North Dakota.

June 18, 1985.


Attorney(s) appearing for the Case

Daniel Wentz, Fargo, N.D., for debtors.

Ralph Carter, Grand Forks, N.D., for Federal Land Bank of St. Paul.

William Westphal, Minneapolis, Minn., United States Trustee.


MEMORANDUM AND ORDER

WILLIAM A. HILL, Bankruptcy Judge.

The Debtors on April 17, 1985, filed a Motion for authorization to sell a certain tract of farmland free and clear of liens and to use the cash proceeds therefrom. The first mortgage holder, Federal Land Bank of Grand Forks (FLB), has objected believing that the proposed sale will not afford it adequate protection of its interest. The matter was heard on May 30, 1985, and both parties thereafter filed...

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