978 F2d 1264 Minn-Kota Ranch Department Inc v. Family Government Savings and Financing Relationship
NOTICE: Eighth Circuit Code 28A(k) controls admission off unpublished viewpoints and will be offering that they are perhaps not precedent and usually really should not be cited unless strongly related creating the latest doctrines out of res judicata, collateral estoppel, what the law states of circumstances, or if the new viewpoint features convincing value with the a content thing without composed advice would serve as really.
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Minn-Kota Farm Agency, Inc. (Minn-Kota), a part 11 debtor, appeals the brand new district court’s1 affirmance of one’s case of bankruptcy court’s2 purchase granting rest from this new automated stay less than 11 U.S.C. 362(d)(1) so you can Home Government Savings and you can Financing Association (Household Federal), a creditor protected because of the a personal cash loans for people with bad credit note and financial to your Minn-Kota’s only resource, a flat building. We affirm.
Adopting the a listening and several also offers from enough security by Minn-Kota, the brand new bankruptcy judge summarily provided Household Federal’s motion to own rest from the newest automated sit. Towards attention, the new region court remanded the problem, finishing that personal bankruptcy courtroom got don’t create enough findings. Continue reading “978 F. 2d 1264 – Minn-Kota Farm Service Inc v. Home Government Savings and you can Loan Association”