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IN RE HAGEN

Bankruptcy No. 87-06069.

95 B.R. 708 (1989)

In re Lyle M. HAGEN and Carol K. Hagen, Debtors.

United States Bankruptcy Court, D. North Dakota.

January 18, 1989.

Attorney(s) appearing for the Case

David Johnson, Fargo, N.D., for debtor.

Wayne Drewes, Fargo, N.D., Trustee.

Richard Olson, Minot, N.D., for Farm Credit.

ORDER

WILLIAM A. HILL, Bankruptcy Judge.

By motion filed December 16, 1988, the Debtors seek to modify their confirmed Chapter 12 plan in order to overcome significant cash shortfalls that occurred in the first year of the plan and which resulted in a material default. The modification is opposed by Farm Credit Bank of St. Paul, successor to Federal Land Bank, as well as the standing Chapter 12 trustee. A hearing was held on January 5, 1989.

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