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IN RE REID

Bankruptcy No. 86-00134(N), Adv. No. 86-0041(N).

73 B.R. 88 (1987)

In re Joe L. REID, and Mary L. Reid, Debtors. CENTRAL PRODUCTION CREDIT ASSOCIATION OF ST. LOUIS, MISSOURI, Plaintiff, v. Joe L. REID, Mary L. Reid and Fredrich J. Cruse, Trustee, Defendants.

United States Bankruptcy Court, E.D. Missouri, N.D.

April 28, 1987.

Attorney(s) appearing for the Case

Joseph D. Welch, Hannibal, Mo., for plaintiff.

Austin Parham, Hannibal, Mo., for debtors.

Fredrich J. Cruse, Hannibal, Mo., Trustee.

MEMORANDUM OPINION

DAVID P. McDONALD, Bankruptcy Judge.

INTRODUCTION

This proceeding presents the question of whether after satisfying a foreclosed mortgage the remaining surplus should be paid to the junior lienor or the debtor's trustee in bankruptcy. The Court holds that the junior lienor is entitled to the surplus.

STATEMENT OF THE CASE

On May 14, 1986, Debtors, husband and wife, filed their voluntary...

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