IN RE W.S. SHEPPLEY & CO.

Bankruptcy No. 84-01160.

62 B.R. 271 (1986)

In re W.S. SHEPPLEY & CO., Debtor.

United States Bankruptcy Court, N.D. Iowa.

May 30, 1986.


Attorney(s) appearing for the Case

L.F. Burnette, II, Nyemaster, Goode & McLaughlin, Des Moines, Iowa, for creditor.

Ronald Peterson, Jenner & Block, Chicago, Ill., Alfred Hughes, Hughes & Trannel, Gary Norby, O'Connor & Thomas, Dubuque, Iowa, for debtor.


MEMORANDUM OPINION

JAMES E. YACOS, Bankruptcy Judge, sitting by designation.

This case is before the court upon the "Application for Determination of Secured Claim of Metropolitan Life Insurance Company Pursuant to 11 U.S.C. § 506" filed by the first mortgagee lienholder on February 11, 1986. The lien in question is admittedly valid and covers the Chapter 11 debtor's principal asset, i.e., a major office building located in Dubuque, Iowa.

The...

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