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IN RE PETERSON

Bankruptcy No. 85-05766, Adv. No. 86-7061.

80 B.R. 167 (1987)

In re Melvin E. PETERSON, Debtor. CITIZENS STATE BANK OF RAY, Plaintiff, v. Phillip D. ARMSTRONG, Trustee of the Estate of Melvin E. Peterson; Amoco Oil Co.; Farmers Union Oil Co.; Haugen's, Inc.; Grenora Implement Co.; Hydrotex, Inc.; John Deere Co.; Minot Implement, Inc.; Marshall Peterson; Jerry Rustad; Farmers Home Administration; PCA of Minot; and PCA of Williston, Defendants.

United States Bankruptcy Court, D. North Dakota.

November 10, 1987.

Attorney(s) appearing for the Case

Phillip D. Armstrong, Minot, N.D., for trustee.

Cameron Hayden, Bismarck, N.D., for USA/FmHA.

Brent Edison, Williston, N.D., for plaintiff.

Michael Ward, Minot, N.D., for debtor.

Richard P. Olson, Minot, N.D., for PCA.

MEMORANDUM AND ORDER

WILLIAM A. HILL, Bankruptcy Judge.

By Amended Complaint filed November 26, 1986, the plaintiff, Citizens State Bank of Ray (Bank), invoking section 506 of the Bankruptcy Code, asserts that its claim against the estate is fully secured by virtue of a perfected security interest in various items of personal property and is also perfected against certain real property by virtue of a judgment lien. The Bank also requested that the value...

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