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Legal Opinion

Barash v. Peoples National Bank of Kewanee (In Re Kruge)

United States Bankruptcy Court, C.D. Illinois

Decided September 29, 1987No. 19-80204PublishedCited by 11 opinions

1Opinion of the Court

OPINION AND ORDER

WILLIAM V. ALTENBERGER, Bankruptcy Judge.

This matter came on to be heard on the Trustee’s motion to reconsider this Court’s Opinion and Order holding that government deficiency payments are “proceeds” under Section 9-306 of the Uniform Commercial Code, 68 B.R. 43. The motion was granted because the resolution of the issue is important to those involved with agricultural finance and a record needed to be developed to accurately set forth the nature of the government payment.

The facts are not in dispute. The Defendant made a loan to the debtors, and as security for the loan the…

2Cases cited14 opinions

  1. In Re Dwayne Sunberg, Patricia Sunberg, Engaged in Farming, DebtorsCourt of Appeals for the Eighth Circuit · 1984
  2. In the Matter of William Guy Munger, Bankrupt. Ernest J. Pombo v. Jack A. Ulrich, TrusteeCourt of Appeals for the Ninth Circuit · 1974
  3. 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
  4. First State Bank of Abernathy v. Holder (In Re Nivens)United States Bankruptcy Court, N.D. Texas · 1982
  5. In Re KruseUnited States Bankruptcy Court, D. Kansas · 1983

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

3Cited by11 opinions

  1. In Re Scotty Lee Schneider and Anna Lucille Schneider, Debtors. Scotty Lee Schneider & Anna Lucille Schneider v. Edward J. Nazar, TrusteeCourt of Appeals for the Tenth Circuit · 1988
  2. In Re WatersUnited States Bankruptcy Court, N.D. Iowa · 1988
  3. Farmers & Merchants National Bank v. Sooner Cooperative, Inc.Supreme Court of Oklahoma · 1988
  4. Kelley v. Ring (In Re Ring)United States Bankruptcy Court, M.D. Georgia · 1993
  5. Matter of HunerdosseUnited States Bankruptcy Court, S.D. Iowa · 1988

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

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