IN RE EDWARDS

Nos. 90-5166, 90-5203.

924 F.2d 798 (1991)

In re Hugh Kennedy EDWARDS and Gloria May Edwards. STATE BANK OF TOWNER, Appellee, v. Hugh Kennedy EDWARDS and Gloria May Edwards, Appellants. In re Hugh Kennedy EDWARDS and Gloria May Edwards. STATE BANK OF TOWNER, Appellant, v. Hugh Kennedy EDWARDS and Gloria May Edwards, Appellees.

United States Court of Appeals, Eighth Circuit.

Decided February 4, 1991.


Attorney(s) appearing for the Case

Kenneth Horner, Bismarck, N.D., for appellants.

Richard Olson, Minot, N.D., for appellee.

Before LAY, Chief Judge, HEANEY, Senior Circuit Judge, and WOLLMAN, Circuit Judge.


LAY, Chief Judge.

Hugh and Gloria Edwards filed a reorganization plan under chapter twelve, 11 U.S.C. § 1221 (1989). The State Bank of Towner objected to the property valuation claiming it was too low and that the Edwards were ineligible under chapter twelve. The parties settled, agreeing that (1) the property should be valued at $93,101.00, (2) the bank would drop its objections, (3) Hugh Edwards's mother, Louise Edwards, would pay the bank $15,000, and (4)...

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