In Re Kingsley

MEMORANDUM OPINION

ARTHUR B. FEDERMAN, Bankruptcy Judge.

Agribank, FCB (“Agribank”) moved this Court to lift the automatic stay on 933 acres of real estate. This is a core proceeding under 28 U.S.C. § 157(b)(2)(G) over which the Court has jurisdiction pursuant to 28 U.S.C. §§ 1334(b), 157(a), and 157(b)(1). For the reasons set forth below, I terminate the automatic stay as to the 933 acres of real estate.

FACTUAL BACKGROUND

Agribank obtained a default judgment against debtors in the Circuit Court of Lawrence County, Missouri on May 1, 1992, in the original amount of $382,148.38. Agri-bank…