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IN RE DAVENPORT

BAP No. EC-92-1400-JMeAs, Bankruptcy No. 989-02119.

153 B.R. 551 (1993)

In re Ray Gordon DAVENPORT and Carolyn Jean Davenport, Debtors. WESTERN FARM CREDIT BANK and Sierra-Bay Federal Land Bank Association, Appellants, v. Ray Gordon DAVENPORT and Carolyn Jean Davenport, Appellees.

United States Bankruptcy Appellate Panel of the Ninth Circuit.

Decided April 27, 1993.

Attorney(s) appearing for the Case

Richard W. Brunette, Jr., Los Angeles, CA, for Western Farm Credit Bank & Sierra-Bay Federal Land Bank.

Carl W. Collins, Modesto, CA, for Ray & Carolyn Davenport.

Before JONES, MEYERS and ASHLAND, Bankruptcy Judges.

OPINION

JONES, Bankruptcy Judge:

FACTS

Debtors Ray and Carolyn Davenport ("Debtors") are farmers who own 24.22 acres of land in California worth $354,462. In August of 1989, the Debtors filed a petition under Chapter 12 of the Bankruptcy Code, 11 U.S.C. §§ 1200-1241.1

The Debtors' land secures an obligation to Western Farm Credit Bank and Sierra-Bay...

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