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IN RE PRICE

Bankruptcy No. 88-02089-SN5.

97 B.R. 264 (1989)

In re Rudy V. PRICE, SS#: 246-66-9188, Janet K. Price, SS#: 575-44-3576, Debtors.

United States Bankruptcy Court, E.D. North Carolina.

March 15, 1989.

Attorney(s) appearing for the Case

Jeffrey M. Seigle, Raleigh, N.C., for debtors.

Holmes P. Harden, Raleigh, N.C., for trustee.

N. Hunter Wyche, Jr., Raleigh, N.C., for Southern Nat. Bank.

Phil Glass, Raleigh, N.C., for Planters Nat. Bank.

MEMORANDUM OPINION AND ORDER

A. THOMAS SMALL, Bankruptcy Judge.

On December 16, 1988, the trustee in this chapter 7 case sold real property located in Wake County, North Carolina, by public auction to Planters National Bank ("Planters") for $90,000. The purpose of this proceeding is to determine which creditors are entitled to the proceeds. A hearing was held in Raleigh, North Carolina, on March 6, 1989. The primary issue is the validity of the lien asserted...

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