Richard M. Judy Family Trust (TRNSFD TO WESTERN DIV)

IN THE UNITED STATES BANKRUPTCY COURT FOR THE WESTERN DISTRICT OF MISSOURI In re: ) ) Case No. 19-50110 Richard M. Judy Family Trust, ) ) Chapter 11 Debtor. ) MEMORANDUM OPINION This case requires the court to determine the priority of competing claims to insurance proceeds from the loss of chapter 11 debtor Richard M. Judy Family Trust’s equipment in a fire. Creditor First Missouri Bank requests the court award it the insurance proceeds under contract law, arguing its status as loss-payee under the insurance policy gives it a superior right to the proceeds. Creditor FCS Financial PCA opposes…