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IN RE GRESETH

Bankruptcy No. 4-86-3722(K), Civ. Nos. 4-87-642, 4-87-650.

78 B.R. 936 (1987)

In re Gilmore Robert GRESETH and Carol Ann Greseth, Debtors. Gilmore Robert GRESETH and Carol Ann Greseth, Appellants, v. FEDERAL LAND BANK OF ST. PAUL; Federal Land Bank Association of Willmar; William Westphal, United States Trustee; Mark C. Halverson, Chapter 12 Standing Trustee; and U.S. Department of Agriculture, Agricultural Stabilization and Conservation Service (ASCS), Appellees. The FEDERAL LAND BANK ASSOCIATION OF WILLMAR (ST. PAUL), Appellant, v. The AGRICULTURAL STABILIZATION AND CONSERVATION SERVICE (ASCS), Appellee and Cross-Appellant, Gilmore Robert Greseth and Carol Ann Greseth, Appellees.

United States District Court, D. Minnesota, Fourth Division.

October 16, 1987.

Attorney(s) appearing for the Case

Kurt M. Anderson, Balyk & Anderson, St. Paul, Minn., for Gilmore Greseth and Carol Greseth.

Leah R. Bussell, Gislason, Dosland, Hunter & Malecki, New Ulm, Minn., for Federal Land Bank Ass'n of Willmar.

Mark H. Weber, Minneapolis, Minn., for U.S. Trustee.

Mark C. Halverson, Mankato, Minn., for Chapter 12 Standing Trustee.

Jerome G. Arnold, U.S. Atty., and Elissa G. Mautner, Asst. U.S. Atty., Minneapolis, Minn., for Agr. Stabilization and Conservation Service.

MEMORANDUM AND ORDER

MacLAUGHLIN, District Judge.

This matter is before the Court on debtors' appeal of the bankruptcy court's order denying confirmation of their April 14, 1987 plan and creditor's appeal of the bankruptcy court's order confirming debtors' May 26, 1987 plan.

FACTS

Debtors are farmers seeking to reorganize under chapter 12 of the bankruptcy code. The Federal Land Bank (FLB) and the Agricultural Stabilization and...

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