Legal Opinion

In Re J. Catton Farms, Inc., Debtor-Appellant v. The First National Bank of Chicago

Court of Appeals for the First Circuit

Decided December 11, 1985No. 84-3074PublishedCited by 65 opinions

1Opinion of the Court

POSNER, Circuit Judge.

The current financial crisis in the mid-western farm states is glimpsed from afar in this bankruptcy case. J. Catton Farms, Inc., a very large farming operation undergoing reorganization in bankruptcy, appeals from a judgment of the district court affirming an order by the bankruptcy judge directing Catton to pay more than $300,000 to First National Bank of Chicago. The ground of the order is that the bank had a secured interest in the proceeds of a contract that Catton had made with the U.S. Department of Agriculture not to grow corn (or grain sorghum, but we shall omit…

2Cases cited16 opinions

  1. Barlow v. CollinsSupreme Court of the United States · 1970
  2. Reading Co. v. BrownSupreme Court of the United States · 1968
  3. In Re Benjamin Pierce Simmons, Bankrupt. Benjamin Pierce Simmons v. J.T. SavellCourt of Appeals for the Fifth Circuit · 1985
  4. Long v. BullardSupreme Court of the United States · 1886
  5. Long and Wife v. BullardSupreme Court of the United States · 1886

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3Cited by65 opinions

  1. In the Matter of JAMES WILSON ASSOCIATES, Debtor. Appeals of METROPOLITAN LIFE INSURANCE COMPANYCourt of Appeals for the Seventh Circuit · 1992
  2. In Re Jartran, Inc., Debtor. Fruehauf Corporation v. Jartran, Inc.Court of Appeals for the Seventh Circuit · 1989
  3. In the Matter of MORSE ELECTRIC COMPANY, INC., Debtor. Appeal of HOOSIER FENCE COMPANY, INC.Court of Appeals for the Seventh Circuit · 1986
  4. In the Matter of William W. Wagner, Debtor-AppellantCourt of Appeals for the Seventh Circuit · 1986
  5. 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

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