IN RE ELROD

Bankruptcy No. 94-03378-C.

178 B.R. 5 (1995)

In re Leroy Barnett ELROD and Mary Lou Elrod, Debtors.

United States Bankruptcy Court, N.D. Oklahoma.

February 23, 1995.


Attorney(s) appearing for the Case

Sheldon E. Morton, Tulsa, OK, for debtors.

Natalie B. Sherman, Trial Atty., Tax Div., U.S. Dept. of Justice, Washington, DC, for IRS.


MEMORANDUM OPINION

STEPHEN J. COVEY, Bankruptcy Judge.

This matter comes to be heard upon the motion of the IRS to dismiss Debtors petition for relief under Chapter 13 because Debtors owe in excess of $250,000.00 in noncontingent, liquidated, unsecured debt.

This Court having now considered the operative facts and the arguments of counsel finds as follows.

Statement of Facts

On September 27, 1994, the IRS seized business real property...

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