In Re Underbakke

FINDINGS OF FACT, CONCLUSIONS OF LAW, AND ORDER REGARDING DEBTORS’ MOTION FOR AUTHORITY TO USE CASH COLLATERAL

MICHAEL J. MELLOY, Bankruptcy Judge.

The matter before the Court involves Debtors’ Motion for Authority to Use Cash Collateral. The Court, having reviewed the stipulated facts and having reviewed the arguments of counsel, now makes the following Findings of Fact, Conclusions of Law, and Order pursuant to F.R.B.P. 7052. This is a core proceeding under 28 U.S.C. § 157(b)(2).

FINDINGS OF FACT

1. In 1983, Debtors granted, and Thorp perfected its security interest in Debtors’ owned and…