Bowling Green Livestock Market, Inc. v. Young (In Re Clark)

MEMORANDUM

DAVID T. STOSBERG, Bankruptcy Judge.

This case involves cattle — cattle brought to a stockyards, Bowling Green Livestock Market, Inc. (hereinafter referred to as “BGLM”), by a convicted larcenist, the Debt- or in this involuntary bankruptcy case. George Young (‘Young”), is the owner of a ranch in Texas where he raises Black Angus Cattle.

Findings of Fact

The story unfolds around the middle of October in the year 1994, when Jay Wright, Young’s ranch manager, was preparing Young’s cows for the annual production sale. As Wright explained at trial, the particular cattle raised by Young…