Southern States Cooperative, Inc. v. Townsend Grain & Feed Co. (In Re L. B. Trucking, Inc.)

MEMORANDUM OPINION AND ORDER

HELEN S. BALICK, Bankruptcy Judge.

Dudley B. Durham, Jr. and Barbara L. Durham, husband and wife, and their farming and trucking corporations, Double D Farms, Inc. and L. B. Trucking, Inc. filed Chapter 11 petitions on December 20, 1983. Later, these eases were consolidated. The Durhams originally filed their petitions to avoid as a preferential transfer a crop lien held by Southern States. However, due partially to the Durhams’ dismal 1983 harvest and substantial prepetition debt, the debtors were unable to propose a plan of reorganization. On March 5,1985, the…