Hoyt v. United States Ex Rel. Small Business Administration (In Re Hoyt)
United States Bankruptcy Court, S.D. Iowa
1Opinion of the Court
MEMORANDUM OF DECISION
LEE M. JACKWIG, Chief Judge.
The United States of America on behalf of the Small Business Administration (SBA) filed a motion to dismiss the above captioned adversary proceeding on July 14, 1988. In their complaint to determine secured status, the Hoyts ask the court to determine the extent of the SBA’s secured claim and to order the release of unsecured claims or to permit the curing of defaults on liens which are adequately secured. The SBA challenges the ability of the Hoyts to avoid part of its lien on certain real estate under 11 U.S.C. section 506(d).
The motion to…
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