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MATTER OF JONES

Bankruptcy No. BK97-41276.

214 B.R. 492 (1997)

In the Matter of Timothy E. and Bonnie S. JONES, Debtors.

United States Bankruptcy Court, D. Nebraska.

September 3, 1997.

Attorney(s) appearing for the Case

David Pederson, North Platte, NE, for Western Nebraska Nat. Bank.

G.J. Beal, Ogallala, NE, for Debtors.

Randall L. Lippstreu, Scottsbluff, NE, Chapter 7 Standing Trustee.

MEMORANDUM

JOHN C. MINAHAN, Jr., Bankruptcy Judge.

Just prior to filing this bankruptcy case, Western Nebraska National Bank (the "Bank") exercised a power of sale under a trust deed which it held on the debtors' property. The Bank seeks relief from the automatic stay to close the trust deed sale and the debtors resist. I conclude that the debtors' ownership interest in the real estate was terminated before commencement of this case by the trust deed...

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