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IN RE HEINE

Bankruptcy No. 485-00419-PKE.

141 B.R. 185 (1992)

In re Emery H. HEINE and Marian L. Heine, Debtors.

United States Bankruptcy Court, D. South Dakota, S.D.

May 15, 1992.

Attorney(s) appearing for the Case

John Harmelink, Yankton, S.D., for debtors.

Doug Kettering, Yankton, S.D., for Farm Credit Services.

CASE SUMMARY

PEDER K. ECKER, Bankruptcy Judge.

This issue in this proposed sale of real property free and clear of liens is whether sale proceeds from one tract of real property that exceed the assigned, stipulated value agreed upon by Debtors and Farm Credit Services (FCS) must be applied toward FCS's remaining claim secured by other tracts of real property and personal property when FCS separated its secured claim into five separate loans: one for personal...

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