In re Frost

MEMORANDUM

RUSSELL H. HIPPE, Jr., Bankruptcy Judge.

The debtors-in-possession, William Alvin Frost and wife, Emily Jean Frost, have objected to one of two claims founded on the same promissory note (hereinafter the “Note”) payment of which is secured by an installment deed on a valuable tract of real property. One claim was filed by Springfield (Tennessee) Production Credit Association (hereinafter “SPCA”). The other was filed by William B. Allen and wife, Judith E. Allen (hereinafter the “Allens”). SPCA is the holder of the Note. The Allens had pledged the Note to secure payment of their…