Legal Opinion
Lancaster v. First National Bank of Greeneville (In Re Cloyd)
United States Bankruptcy Court, E.D. Tennessee
Decided August 31, 1982No. Bankruptcy No. 3-82-00648, Adv. No. 3-82-0459PublishedCited by 7 opinions
1Opinion of the Court
MEMORANDUM
CLIVE W. BARE, Bankruptcy Judge.
The controversy between the plaintiff trustee and the defendant First National Bank of Greeneville, Tenn., (Bank) involves the purported substitution of collateral. Trial was held July 6, 1982.
I
The debtor, Dennis Dale Cloyd, a farmer and cattle buyer and seller, borrowed money from the Bank on August 18, 1980, August 25, 1980, and October 30, 1980, the loans being evidenced by three notes secured by livestock, each note being secured by a different herd of livestock. 1 These notes were renewed periodically, the balance being reduced each time with the…
2Cases cited4 opinions
- Sawyer v. TurpinSupreme Court of the United States · 1875
- Edward R. Kenneally, Trustee of Reed Plumbing, Heating and Air-Conditioning, Inc. v. First National Bank of AnokaCourt of Appeals for the First Circuit · 1969
- Foster v. Manufacturers' Finance Co.Court of Appeals for the First Circuit · 1927
- Wolfe v. Bank of AndersonCourt of Appeals for the Fourth Circuit · 1916
3Cited by7 opinions
- Gregory v. Community Credit Co. (In Re Biggers)United States Bankruptcy Court, M.D. Tennessee · 2000
- In Re Wind Power Systems, Inc.Court of Appeals for the Ninth Circuit · 1988
- Strauss v. Chrysler Financial Co., L.L.C. (In Re Prindle)United States Bankruptcy Court, W.D. Missouri · 2001
- Wind Power Systems, Inc. v. Cannon Financial Group, Inc. (In re Wind Power Systems, Inc.)Court of Appeals for the Ninth Circuit · 1988
- First American Bank of Maryland v. Rinn (In Re Advance Insulation & Supply, Inc.)United States Bankruptcy Court, D. Maryland · 1994
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