Legal Opinion
Melvin and Bonnie Koopmans v. Farm Credit Services of Mid-America, Aca
Court of Appeals for the Seventh Circuit
Decided December 10, 1996No. 96-2088PublishedCited by 29 opinions
1Opinion of the Court
EASTERBROOK, Circuit Judge.
Farm Credit Services holds a first mortgage on the Koopmans’ farm, securing a loan whose balance hovers near $110,000. The land is worth more, perhaps as much as $215,000, so, although junior liens on the farm exceed $500,000, Farm Credit Services is oversecured and entitled to interest in the Koopmans’ bankruptcy. 11 U.S.C. § 506(b); United Savings Ass’n of Texas v. Timbers of Inwood Forest Associates, Ltd., 484 U.S. 365, 372, 108 S.Ct. 626, 631, 98 L.Ed.2d 740 (1988). “At what rate?” is the question we must answer. The question arises at all only because the…
2Cases cited7 opinions
- United Sav. Assn. of Tex. v. Timbers of Inwood Forest Associates, Ltd.Supreme Court of the United States · 1988
- Metropolitan Life Ins. v. Murel Holding Corp.Court of Appeals for the Second Circuit · 1935
- In the Matter of Oil Spill by the Amoco Cadiz Off the Coast of France on March 16, 1978Court of Appeals for the Seventh Circuit · 1992
- General Motors Acceptance Corporation v. Alphonso Jones, Debtor, Robert M. Wood, TrusteeCourt of Appeals for the Third Circuit · 1993
- United Carolina Bank v. Loretta A. Degolier HallCourt of Appeals for the Fourth Circuit · 1993
2 more not listed; retrieve them via the Exa API.
3Cited by29 opinions
- Green Tree Financial Servicing Corp. v. SmithwickCourt of Appeals for the Fifth Circuit · 1997
- In Re HarkoBankruptcy Appellate Panel of the Second Circuit · 1997
- In Re: Lee M. Till and Amy M. Till, Debtors-AppellantsCourt of Appeals for the Seventh Circuit · 2002
- In Re GlueckUnited States Bankruptcy Court, S.D. Ohio · 1998
- General Motors Acceptance Corp. v. Valenti (In re Valenti)Court of Appeals for the Second Circuit · 1997
24 more not listed; retrieve them via the Exa API.