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MATTER OF KRAMER

Bankruptcy No. BK87-3176.

107 B.R. 668 (1989)

In the Matter of Norman P. KRAMER and Betty J. Kramer, Debtors.

United States Bankruptcy Court, D. Nebraska.

November 9, 1989.

Attorney(s) appearing for the Case

George Vinton, James McClymont, North Platte, Neb., for Farm Credit Bank.

Arlan Wine, Wauneta, Neb., for debtor.

Terry Curtiss, Alliance, Neb., for Metropolitan.

Tom Ashby, Omaha, Neb., for Sterling PCA.

MEMORANDUM

TIMOTHY J. MAHONEY, Chief Judge.

Hearing was held on November 2, 1989, on a motion to sequester rents and profits filed by the Farm Credit Bank of Omaha (Farm Credit Bank).

The motion to sequester rents and profits is overruled.

Prior to bankruptcy, a creditor filed a foreclosure petition in state court and obtained an order appointing a receiver. The receiver took over and operated this farm business. Eventually, a Chapter 11...

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