Euerle Farms, Inc. v. State Bank in Eden Valley (In re Euerle Farms, Inc.)
Court of Appeals for the Eighth Circuit
1Opinion of the Court
ROSS, Senior Circuit Judge.
Euerle Farms, Inc. (debtor) appeals the district court’s affirmance of the bankruptcy court’s dismissal of its Chapter 12 bankruptcy petition. We affirm on the basis that the debtor’s second amended plan was not workable.
Debtor is a farming corporation incorporated in 1976. At that time, president Gerald Euerle owned fifty-one percent of the *1090stock and his sister-in-law, Dorothy Euerle, owned forty-nine percent In 1981, the corporation began to suffer financial losses in operations and ultimately filed a Chapter 12 petition dated June 29, 1987. Tax returns showed tax…
2Cases cited9 opinions
- George H. Clay, Trustee and Securities Investor Protection Corp. v. Traders Bank of Kansas CityCourt of Appeals for the Eighth Circuit · 1983
- 13 Collier bankr.cas.2d 412, Bankr. L. Rep. P 70,704 in Re Larry Hunter and Mary Ellen Hunter, Debtors. Richard Jennen v. Larry Hunter and Mary Ellen Hunter, in Re Larry Hunter and Mary Ellen Hunter, Debtors. Richard Jennen v. Larry Hunter and Mary Ellen HunterCourt of Appeals for the Eighth Circuit · 1985
- In Re PetroUnited States Bankruptcy Court, E.D. Pennsylvania · 1982
- In Re HoffUnited States Bankruptcy Court, D. North Dakota · 1985
- In Re AndersonUnited States Bankruptcy Court, D. North Dakota · 1985
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- In Re UtneUnited States Bankruptcy Court, D. South Dakota · 1992
- In re DickensonUnited States Bankruptcy Court, W.D. Virginia · 2014
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