Pfau v. First National Bank, Pipestone (In Re Schmidt)

JOHN J. CONNELLY, Bankruptcy Judge.

The above entitled adversary proceeding came on for hearing before the Honorable John J. Connelly, Bankruptcy Judge, on the complaint of the Plaintiff. The facts have been stipulated by both parties and the case submitted on briefs.

Based on the facts as stipulated, all the papers and records herein, and upon consideration of the arguments of counsel, the Court makes the following:

FINDINGS OF FACT

1. An involuntary petition for relief under Chapter 7 of Title 11, the Bankruptcy Code, was filed on May 20, 1980. An order for relief was entered by consent on July…