IN RE SHULTS

Bankruptcy No. 587-50351-7, Adv. No. 588-5071.

97 B.R. 874 (1989)

In re Jim Bob SHULTS and Nedra Mollie Shults, Debtors. Jim Bob SHULTS and Nedra Mollie Shults, Plaintiffs, v. FARMERS HOME ADMINISTRATION, UNITED STATES DEPARTMENT OF AGRICULTURE, Defendant.

United States Bankruptcy Court, N.D. Texas, Lubbock Division.

March 22, 1989.


Attorney(s) appearing for the Case

Nancy Koenig, Asst. U.S. Atty., Lubbock, Tex., and T.E. Toone, Sp. Asst. U.S. Atty., Office of the Gen. Counsel, Temple, Tex., for the FmHA.

Jerry M. Kolander, Jr., McCleskey, Harriger, Brazill & Graf, Lubbock, Tex., for debtors.


MEMORANDUM OF OPINION ON OWELTY LIEN

JOHN C. AKARD, Bankruptcy Judge.

Jim Bob Shults and Nedra Mollie Shults (Debtors) filed for relief under Chapter 7 of the Bankruptcy Code on April 16, 1987. The United States of America on behalf of its agency, the Farmers Home Administration, (FmHA) filed a proof of claim on September 14, 1987, asserting a lien on three specifically described tracts of land in Garza County, Texas, designated as tracts one, two and three...

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