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ARMSTRONG v. HURSMAN

No. A4-88-141, Bankruptcy No. 87-05713.

106 B.R. 625 (1988)

Phillip D. ARMSTRONG, Trustee of the Estate of Warren J. Hursman and Larol J. Hursman, Appellant, v. Warren J. HURSMAN and Larol J. Hursman, Appellees. In re Warren J. HURSMAN and Larol Hursman, Debtors.

United States District Court, D. North Dakota, Northwestern Division.

August 19, 1988.

Attorney(s) appearing for the Case

Phillip D. Armstrong, Minot, N.D., U.S. Trustee, Minneapolis, Minn., pro se.

Ross H. Espeseth, Bismarck, N.D., for debtors.

MEMORANDUM AND ORDER

CONMY, Chief Judge.

On August 5, 1987, the Appellees in the aboved-named action filed a Chapter 7 bankruptcy petition. One of the assets owned by the Appellees at the time of filing was a piece of farmland which had a fair market value of $100,000.00. The Federal Land Bank held a mortgage on the property and their claim against the Appellees amounted to $213,194.98. On January 25, 1988 the Trustee requested permission to sell the farmland...

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