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IN RE THURSTON

Bankruptcy No. 91-20145-C.

130 B.R. 541 (1991)

In re Virgil Turner THURSTON and Bonnie Joan Thurston, Debtors.

United States Bankruptcy Court, W.D. Missouri, C.D.

August 21, 1991.

Attorney(s) appearing for the Case

Jerry W. Venters, Jefferson City, Mo., for Bank of Cairo & Moberly.

David A. Johnston, Columbia, Mo., for debtors.

Jack E. Brown, Columbia, Mo., trustee.

ORDER

FRANK W. KOGER, Chief Judge.

The Debtor has filed a motion for valuation of security and avoidance of the lien held by the Bank of Cairo and Moberly (hereinafter "Bank") on a $1,000,000.00 term insurance policy on the debtor's life. Debtor is proceeding under Bankruptcy Rule 3012 and 11 U.S.C. Section 506(a).

In 1983, the Debtor arranged for a $600,000.00 business loan through the Bank for the purpose of constructing a new restaurant. As a...

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