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IN RE ROUNDS

Bankruptcy No. 96-80361.

229 B.R. 758 (1999)

In re Gary Edward ROUNDS, Debtor. Calvin Walker, Jr., Creditor-Petitioner, v. John T. Lee, Trustee, Jim Loftin and Anna Loftin, husband and wife, Respondents.

United States Bankruptcy Court, W.D. Arkansas, Fayetteville Division.

January 15, 1999.

Attorney(s) appearing for the Case

William R. Gibson, Gibson & Hamm, Fayetteville, AR, for Jim and Anna Loftin.

Larry D. Douglas, Springdale, AR, for Calvin Walker, Jr.

Jill R. Jacoway, Jacoway Law Firm, Fayetteville, AR, for John T. Lee.

MEMORANDUM OPINION

ROBERT F. FUSSELL, Bankruptcy Judge.

I. INTRODUCTION

Pending before the Court is Creditor-Petitioner Calvin Walker, Jr.'s ("Walker") April 28, 1998 Petition to set aside the Respondent Trustee's ("Trustee") sale to the Respondent Loftins ("Loftins") of 3.61 acres of land in Carroll County, Arkansas. For the reasons stated below, Walker's Petition is GRANTED. The sale, which this Court approved on December 22, 1997...

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