Legal Opinion

Hunter v. United States Ex Rel. Farmers Home Administration (In Re Hunter)

United States Bankruptcy Court, C.D. Illinois

Decided December 29, 1986No. 19-70175PublishedCited by 9 opinions

1Opinion of the Court

OPINION AND ORDER

WILLIAM V. ALTENBERGER, Bankruptcy Judge.

This matter came on to be heard on the Debtors’ complaint to determine the secured status of a loan made to the Debtors by the Defendant, the United States of America, acting through the Farmers Home Administration (Defendant). On December 17, 1979, the Debtors borrowed from the Defendant the sums of $100,-000.00 and $47,000.00 (Operational Loan). They executed the Defendant’s standard form of a Security Agreement on equipment (Collateral) which provided, the Debtors were

“... justly indebted to the Secured Party as evidenced by one or…

2Cases cited8 opinions

United States v. Kimbell Foods, Inc.Supreme Court of the United States · 1979
Sunstream Jet Express, Inc., a Delaware Corporation v. International Air Service Co., Ltd., a California CorporationCourt of Appeals for the Seventh Circuit · 1984
In the Matter of Leland G. Schmaling and Mary F. Schmaling, Debtors. Appeal of Esther J. Schmaling, Leland G. Schmaling and Mary F. SchmalingCourt of Appeals for the Seventh Circuit · 1986
In the Matter of Riss Tanning Corporation, Bankrupt. State Bank of Albany v. United StatesCourt of Appeals for the Second Circuit · 1972
Ricke v. RickeAppellate Court of Illinois · 1980

3 more not listed; retrieve them via the Exa API.

3Cited by9 opinions

Metropolitan Life Insurance v. American National Bank & Trust Co.Appellate Court of Illinois · 1997
Johnson v. NBD Park Ridge Bank (In Re Octagon Roofing)United States Bankruptcy Court, N.D. Illinois · 1991
In Re Keene Corp.United States Bankruptcy Court, S.D. New York · 1995
In Re GibsonUnited States Bankruptcy Court, N.D. California · 1999
James v. Blackhawk Credit Union (In Re James)United States Bankruptcy Court, W.D. Wisconsin · 1998

4 more not listed; retrieve them via the Exa API.