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IN RE VALLE FEED OF FARMINGTON, INC.

Bankruptcy No. 84-00901(2), Motion No. 02.

80 B.R. 150 (1987)

In re VALLE FEED OF FARMINGTON, INC., Debtors.

United States Bankruptcy Court, E.D. Missouri, E.D.

October 14, 1987.

Attorney(s) appearing for the Case

Robert J. Blackwell, St. Louis, Mo., for debtor.

Clinton B. Roberts, Farmington, Mo., for farmers.

A.W. Dieffenbach, Jr., Hillsboro, Mo., Carl R. Webb, Farmington, Mo., for Delmar and Stella Valle.

Thomas P. Fitz, President, Fitz Chevrolet, Buick, Inc., Farmington, Mo., Gilbert Leimer, Manager, Feeders Warehouse Co., Inc., Jackson, Mo., B.E. Lowe, President, West Plains Veterinary Supply, Inc., West Plains, Mo., Bruce H. McConnell, Regional Credit Manager, Wayne Feed Div., Continental Grain Co., East St. Louis, Ill., Rolla Gordon, President, Mercantile Bank of Farmington, Terry Boyle, MFA Exchange, Robert W. Francis, Loan Officer, St. Francois County Sav. & Loan, Farmington, Mo., for Creditors' Committee.

MEMORANDUM OPINION

DAVID P. McDONALD, Bankruptcy Judge.

INTRODUCTION

Valle Feed of Farmington, Inc. ("Valle") filed its voluntary Chapter 11 case in this District on May 24, 1984. Thereafter, Farmers Production Credit Association, formerly known as Farmington Production Credit Association ("Farmers"), filed a Motion for relief from the automatic stay in which it requested authority to foreclose on allegedly secured property in Valle...

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