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MATTER OF LAKE TAHOE LAND CO., INC.

Bankruptcy No. 79-00541, Adversary No. 80-0005.

5 B.R. 34 (1980)

In the Matter of LAKE TAHOE LAND CO., INC., Debtor. DIVERSIFIED MORTGAGE INVESTORS, Plaintiff, v. LAKE TAHOE LAND CO., INC., Defendant.

United States Bankruptcy Court, D. Nevada.

April 24, 1980.

Attorney(s) appearing for the Case

Richard W. Horton, Lionel, Sawyer & Collins, Reno, Nev., for plaintiff Diversified Mortg. Investors.

Timothy J. Henderson, Wilson, Henderson & Nelson, Reno, Nev., for debtor-defendant.

IN PROCEEDINGS FOR REORGANIZATION UNDER CHAPTER 11

OPINION AND DECISION

BERT M. GOLDWATER, Bankruptcy Judge.

This is an action to vacate the automatic stay under 11 U.S.C. § 362(d) by the holder of a first deed of trust on vacant land at Lake Tahoe, Nevada, a part of which is forest land and part of which land has been subdivided into parcels for condominiums with street access and water and sewer connections.

On April 20, 1971, defendant...

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