Legal Opinion
First National Bank of Bar Harbor v. United States, Department of Agriculture, Farmers Home Administration (In re Dorsey)
United States Bankruptcy Court, D. Maine
Decided June 10, 1993No. Bankruptcy No. 92-10554; Adv. No. 92-1042PublishedCited by 1 opinion
1Opinion of the Court
MEMORANDUM OF DECISION
JAMES B. HAINES, Jr., Bankruptcy Judge.
This adversary proceeding has been submitted for decision on stipulated facts. First National Bank of Bar Harbor (“FNBBH”) and the Farmers Home Administration (“FmHA”) each claim superior rights in six FNBBH certificates of deposit in the total sum of $184,051.84.1
For the reasons set forth below, I conclude that FNBBH holds the certificates as security for two loans issued to the debtor, Francis E. Dorsey, totalling in excess of $180,000.00. Any surplus is unencumbered.2
Facts
Francis E. Dorsey (“Dorsey”), the debt- or, was party to a…
2Cases cited26 opinions
- Butner v. United StatesSupreme Court of the United States · 1979
- Barnhill v. JohnsonSupreme Court of the United States · 1992
- Ventura-Louise Properties v. RothmanCourt of Appeals for the Ninth Circuit · 1974
- In Re RancourtUnited States Bankruptcy Court, D. New Hampshire · 1991
- Prudential Ins. Co. of America v. Liberdar Holding Corp.Court of Appeals for the Second Circuit · 1934
21 more not listed; retrieve them via the Exa API.
3Cited by1 opinion
- In Re DorseyUnited States Bankruptcy Court, D. Maine · 1993