Legal Opinion
In Re Rees
United States Bankruptcy Court, N.D. Texas
Decided January 13, 1998No. 19-40467PublishedCited by 2 opinions
1Opinion of the Court
MEMORANDUM OF OPINION ON INSURANCE INDEMNITY
JOHN C. AKARD, Bankruptcy Judge.
The issue before the court is whether the Farm Service Agency has a perfected security interest in Jimmy Ray Rees and Vickie Lee Rees’ (Debtors) 1996 cotton crop insurance indemnity payment. The court finds that the FSA has a perfected security interest in the payment. 1
Facts
On August 21, 1996, the Debtors filed for relief under Chapter 12 of the Bankruptcy Code in the captioned case. On December 6, 1996, they filed their plan of reorganization. On February 26, 1997, objections to the plan were filed by the Farm…
2Cases cited10 opinions
- Chevron U. S. A. Inc. v. Natural Resources Defense Council, Inc.Supreme Court of the United States · 1984
- Butner v. United StatesSupreme Court of the United States · 1979
- Lewis v. Manufacturers National Bank of DetroitSupreme Court of the United States · 1961
- Holman v. Laulo-Rowe AgencyCourt of Appeals for the Ninth Circuit · 1993
- State of Kansas, Ex Rel. Ron Todd, Commissioner of Insurance of the State of Kansas v. United States of AmericaCourt of Appeals for the Tenth Circuit · 1993
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3Cited by2 opinions
- In Re EvansUnited States Bankruptcy Court, E.D. North Carolina · 2005
- Rolling Plains Production Credit Ass'n v. CookCourt of Appeals for the Fifth Circuit · 1999