Bernstein Ranch, LLC v. United States (In Re Bernstein)

MEMORANDUM AND ORDER

WILLIAM A. HILL, Bankruptcy Judge.

The Plaintiff-Debtor, Bernstein Ranch, LLC (“BR”), commenced the instant adversary proceeding on August 18, 1998, seeking a determination that its interest in $42,384.00 in proceeds from a foundation herd livestock sale is, by virtue of a series of agricultural supplier’s liens, paramount to the competing security interest held by the Farm Service Agency (“FSA”). 1 BR asks that FSA release its claim by endorsing the proceed checks totaling $42,384.00 to thereby allow payment of its supplier’s lien claim totaling $52,423.99 in the aggregate.