IN RE EHRICH

Bankruptcy No. 585-00119.

109 B.R. 390 (1989)

In re Robert Laverne EHRICH.

United States Bankruptcy Court, D. South Dakota, W.D.

March 31, 1989.


Attorney(s) appearing for the Case

James P. Hurley, Rapid City, S.D., for debtor.

Randall Hodge, Rapid City, S.D., for creditor, Farm Credit Bank of Omaha.


IRVIN N. HOYT, Chief Judge.

The issue in this case is whether in a Section 506(a) hearing the real estate securing a claim should be valued as ranch land, the debtor-in-possession's present use, or whether it should be valued as subdivisable land where the creditor can prove that the land is viable for this purpose?

I limit the scope of this decision to the above legal issue. The question of whether a portion of the Ehrich land has a use more valuable than...

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