Legal Opinion
In the Matter of H. Dean Stegall and Sandra Lorene Stegall, Debtors-Appellants. Appeal of the Federal Land Bank of St. Louis
Court of Appeals for the Seventh Circuit
Decided January 5, 1989No. 87-2060PublishedCited by 72 opinions
1Opinion of the Court
POSNER, Circuit Judge.
The Stegalls own and operate a farm that went belly-up during the recent mid-western farm troubles. In 1985 they filed a petition for reorganization under Chapter 11 of the Bankruptcy Code. Their filing disclosed $650,000 in liabilities and only $208,000 in assets. They proposed a plan of reorganization under which they would retain the farm, would continue paying interest to their secured creditors, and would pay their unsecured creditors a total of 10 percent of their debt to them over the next ten years (1 percent a year for ten years), without interest. The Federal…
2Cases cited15 opinions
- Pennhurst State School and Hospital v. HaldermanSupreme Court of the United States · 1984
- Norwest Bank Worthington v. AhlersSupreme Court of the United States · 1988
- Case v. Los Angeles Lumber Products Co.Supreme Court of the United States · 1939
- In Re U.S. Truck Company, Inc., a Michigan Corporation, Debtor. Teamsters National Freight Industry Negotiating Committee v. U.S. Truck Company, Inc.Court of Appeals for the Sixth Circuit · 1986
- United States v. John Allan CrawleyCourt of Appeals for the Seventh Circuit · 1988
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3Cited by72 opinions
- Kham & Nate's Shoes No. 2, Inc., Debtor-Appellee v. First Bank of WhitingCourt of Appeals for the First Circuit · 1990
- In Re Bonner Mall Partnership, Debtor. Bonner Mall Partnership v. U.S. Bancorp Mortgage Co.Court of Appeals for the Ninth Circuit · 1993
- In the Matter of Woodbrook Associates, Debtor-AppellantCourt of Appeals for the Seventh Circuit · 1994
- Murphy v. McCloudDistrict of Columbia Court of Appeals · 1994
- In Re MendiolaUnited States Bankruptcy Court, N.D. Illinois · 1989
67 more not listed; retrieve them via the Exa API.