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IN RE AULT

Bankruptcy No. 86-80478.

63 B.R. 638 (1986)

In re George L. AULT, Edna Virginia Ault, Debtors.

United States Bankruptcy Court, C.D. Illinois.

August 11, 1986.

Attorney(s) appearing for the Case

Charles E. Covey, Peoria, Ill., for debtors, George L. & Edna Virginia Ault.

Barry M. Barash, Galesburg, Ill., for Farmers and Merchants State Bank of Bushnell.

Douglas R. Lindstrom, Galesburg, Ill., for Federal Land Bank of St. Louis.

Richard Whitman, Stansell, Critser & Whitman, Monmouth, Ill., for Creditors Committee.

OPINION AND ORDER

WILLIAM V. ALTENBERGER, Bankruptcy Judge.

The Debtors are farmers. They still have the exclusive right to propose a plan of reorganization. On February 21, 1986, they filed a Chapter 11 proceedings in bankruptcy, and subsequently, they filed an application to grant a security interest to facilitate the planting and harvesting of the 1986 crop. Both the Federal Land Bank of St. Louis (LAND BANK) and the Farmers and Merchants State Bank of...

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