IN RE POLRIES BROS.

Bankruptcy No. 83-05172.

49 B.R. 669 (1985)

In re POLRIES BROTHERS, Debtor.

United States Bankruptcy Court, D. North Dakota.

February 4, 1985.


Attorney(s) appearing for the Case

Ross Espeseth, Bismarck, N.D., for debtor.

James Pfau, Minneapolis, Minn., for Norwest Bank-Mpls.


ORDER

WILLIAM A. HILL, Bankruptcy Judge.

This matter is before the Court on Motion for Relief from Stay filed by Norwest Bank Minneapolis, National Association (NORWEST), on January 14, 1985. The basis for the Motion is two-fold: Relying upon section 362(d)(1) and (2), Norwest seeks relief as against the farm real property consisting of approximately 7,748 acres upon which it holds a third mortgage. It claims that the Debtor has no equity in the property...

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