978 F2d 1264 Minn-Kota Ranch Department Inc v. House Government Savings and Mortgage Relationship
NOTICE: 8th Circuit Code 28A(k) governs pass off unpublished opinions and will be offering that they are perhaps not precedent and generally really should not be cited unless of course connected to installing new doctrines out-of res judicata, security estoppel, regulations of instance, or if perhaps the newest thoughts have persuasive well worth into the a material matter with no authored opinion perform act as really.
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Minn-Kota Ranch Agency, Inc. (Minn-Kota), a part eleven debtor, is attractive the brand new section court’s1 affirmance of the bankruptcy court’s2 buy granting relief from the automated remain less than eleven You.S.C. 362(d)(1) so you can Household Government Discounts and you will Mortgage Connection (Family Government), a collector shielded of the a note and you will mortgage toward Minn-Kota’s only asset, a flat strengthening. We affirm.
Following the a listening and some offers from enough safeguards by the Minn-Kota, brand new case of bankruptcy court summarily provided House Federal’s actions for respite from the automatic sit. To the desire, the fresh new district legal remanded the problem, concluding your bankruptcy proceeding court had failed to create enough conclusions. Brand new bankruptcy judge after that made specific conclusions and you can once more offered Home Government respite from the latest sit.