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IN RE ARNOLD

No. 86-3616.

806 F.2d 937 (1986)

In re Bruce J. ARNOLD & Nancy Arnold, husband and wife; Dennie K. Arnold & Janet Arnold, husband and wife, Debtors. STATE OF IDAHO, DEPT. OF LANDS, Appellee, v. Bruce J. ARNOLD & Nancy Arnold, husband and wife; Dennie K. Arnold & Janet Arnold, husband and wife, Appellants.

United States Court of Appeals, Ninth Circuit.

Decided December 19, 1986.

Attorney(s) appearing for the Case

Rinda Ray Just, Deputy Atty. Gen., Dept. of Parks & Recreation, Clive J. Strong, Deputy Atty. Gen., Natural Resources Division, Boise, Idaho, for appellee.

Ken L. Perkes, Rigby, Thatcher, Andrus, Rigby & Perkes, Rexburg, Idaho, for appellants.

Before BROWNING, WRIGHT, and BOOCHEVER, Circuit Judges.

EUGENE A. WRIGHT, Circuit Judge.

This case concerns a bankruptcy dispute in which the creditor asked the district court to lift an automatic stay in order that it may execute its security interest. The district court granted this request. We now reverse.

FACTS

In November 1982, the Idaho Department of Lands sold three parcels of public property to several buyers. The buyers paid ten percent down and executed land contracts for payment of the balance...

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