Legal Opinion
In Re Albert T. Olsen and Elaine E. Olsen, Debtors. Metropolitan Life Insurance Company v. Albert T. Olsen and Elaine E. Olsen
Court of Appeals for the Eighth Circuit
Decided January 30, 1989No. 88-5010PublishedCited by 21 opinions
1Opinion of the Court
HEANEY, Circuit Judge.
This appeal challenges a bankruptcy court’s power to modify a farm family’s reorganization plan where the family’s income was reduced by a change in the government’s farm program. The district court affirmed the modification, holding that the bankruptcy court had the power to modify the debtor’s obligations for equitable reasons. We agree.
Facts
Albert and Elaine Olsen are farmers who reside in South Dakota. Like many farm families, they receive government disbursements each year as part of the federal government’s farm program. In 1986, the government changed the payment…
2Cases cited7 opinions
- Wayne United Gas Co. v. Owens-Illinois Glass Co.Supreme Court of the United States · 1937
- A & a Sign Company, Inc. v. Rex E. Maughan, Trustee of Mayer Central Building Corporation, a DebtorCourt of Appeals for the Ninth Circuit · 1969
- In Re Hayball Trucking, Inc.United States Bankruptcy Court, E.D. Michigan · 1986
- Federal Land Bank of Louisville v. Gene Dunavant & Son Dairy (In Re Gene Dunavant & Son Dairy)District Court, M.D. Tennessee · 1987
- C. T. Inv. Co. v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1937
2 more not listed; retrieve them via the Exa API.
3Cited by21 opinions
- In Re Sharon Steel Corp.United States Bankruptcy Court, W.D. Pennsylvania · 1989
- Meyer v. Lenox (In re Lenox)Court of Appeals for the Ninth Circuit · 1990
- In Re Garsal Realty, Inc.United States Bankruptcy Court, N.D. New York · 1989
- In Re PearsonUnited States Bankruptcy Court, D. South Dakota · 1989
- In Re StevensonUnited States Bankruptcy Court, D. Idaho · 1992
16 more not listed; retrieve them via the Exa API.