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IN RE CORMIER

Bankruptcy No. 86-40305.

75 B.R. 692 (1987)

In re Patrick C. CORMIER Angelina V. Cormier d/b/a Casey's Golden Pleasant, Cormier Properties, Sandwich Alley, Gapco and General Partners of Plaza 15 Limited Partnership, Debtors.

United States Bankruptcy Court, D. Montana.

July 17, 1987.

Attorney(s) appearing for the Case

Joel E. Guthals, Billings, Mont., for debtors.

Carey Matovich, Billings, Mont., for Neptune.

James P. Healow, Billings, Mont., for Alpha Olsen.

ORDER

JOHN L. PETERSON, Bankruptcy Judge.

In this Chapter 11 proceeding, a secured creditor Neptune Partnership has filed a motion for relief from the automatic stay pursuant to Section 362 of the Bankruptcy Code. Debtors resist said motion on the grounds that they propose to pay Neptune under the Chapter 11 Plan over 30 years and the property is therefore necessary for effective reorganization of the Debtors. Also pending is a motion by creditor Alpha Olsen...

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