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IN RE RANKIN

Bankruptcy No. 83-01803-S-11.

49 B.R. 565 (1985)

In re Pleasant Phillip RANKIN, Sr. and Patricia Ann Rankin, Debtors.

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

May 31, 1985.

Attorney(s) appearing for the Case

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

Gary Powell, Springfield, Mo., for Federal Land Bank.

Linda Parker, Asst. U.S. Atty., Kansas City, Mo., for Farmers Home Admin.

MEMORANDUM OPINION AND ORDER

JOEL PELOFSKY, Bankruptcy Judge.

Phillip and Patricia Rankin, debtors herein, filed a Chapter 11 petition in July of 1983 to reorganize their dairy farm operation. Debtors scheduled their farm at $90,000, farm equipment at $10,575 and 48 head of cattle at $35,650. Federal Land Bank of St. Louis (Land Bank) holds a first deed of trust and Farmers Home Administration (FmHA) a second on the farm real estate. FmHA also claims a blanket...

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