Legal Opinion

Barber v. Production Credit Services (In Re KZK Livestock, Inc.)

United States Bankruptcy Court, C.D. Illinois

Decided May 21, 1998No. 14-81779PublishedCited by 19 opinions

1Opinion of the Court

OPINION

WILLIAM V. ALTENBERGER, Chief Judge.

Kendall Knowles (KNOWLES) was the sole shareholder, director, and officer of KZK Livestock, Inc., an Illinois Corporation (KZK). KNOWLES had a loan with Production Credit Services of West Central Illinois, FLCA and Production Credit Services of West Central Illinois, PCA (jointly referred to as “PCA”). KZK repaid the loan. KNOWLES was also operating a cheek kite involving a KZK bank account at the First National Bank of Blandinsville (FIRST). The funds used to repay the loan came from the bank account at FIRST. KZK’s Trustee in bankruptcy (TRUSTEE)…

2Cases cited30 opinions

  1. Scholes v. LehmannCourt of Appeals for the Seventh Circuit · 1995
  2. In the Matter of Joseph D. Smith, Doing Business as J.D. Management Services and G.L. Properties, Debtor. Appeal of David R. Boyer, TrusteeCourt of Appeals for the Seventh Circuit · 1992
  3. Sea-Land Services, Inc. v. The Pepper Source, Caribe Crown, Inc., Gerald Marchese Doing Business as Jamar CorporationCourt of Appeals for the Seventh Circuit · 1991
  4. Jonas H. Whitmore v. A.L. Lockhart, Director, Arkansas Department of CorrectionCourt of Appeals for the Eighth Circuit · 1993
  5. Bergquist v. Anderson-Greenwood Aviation Corp. (In Re Bellanca Aircraft Corp.)United States Bankruptcy Court, D. Minnesota · 1985

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3Cited by19 opinions

  1. Judson Atkinson Candies, Inc. v. Latini-Hohberger DhimantecCourt of Appeals for the Seventh Circuit · 2008
  2. Securities Investor Protection Corp. v. Stratton Oakmont, Inc.United States Bankruptcy Court, S.D. New York · 1999
  3. Gierum v. Glick (In re Glick)United States Bankruptcy Court, N.D. Illinois · 2017
  4. Zazalli v. Swenson (In re DBSI, Inc.)District Court, D. Idaho · 2016
  5. Barber v. Production Credit Services of West Central Illinois (In Re KZK Livestock, Inc.)United States Bankruptcy Court, C.D. Illinois · 2002

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