Legal Opinion
Travelers Insurance Co. v. Olson (In Re Olson)
United States Bankruptcy Court, C.D. Illinois
Decided December 23, 1987No. 19-80117PublishedCited by 14 opinions
1Opinion of the Court
OPINION
WILLIAM V. ALTENBERGER, Bankruptcy Judge.
The Debtors are farmers. Their schedules show they owe three secured creditors $481,411.00 and one unsecured creditor $100,000.00. The schedules also show farm land valued at $265,152.00 and personal property valued at $58,200.00. The claim of The Travelers Insurance Company, (CREDITOR) arises out of two loans to the Debtors. The first loan was in the original amount of $160,000.00 secured by first mortgage on 160 acres, with interest at the rate of 9-V2% per annum, principal and interest to be repaid monthly, with a balloon coming due on June…
2Cases cited11 opinions
- In Re U.S. Truck Company, Inc., a Michigan Corporation, Debtor. Teamsters National Freight Industry Negotiating Committee v. U.S. Truck Company, Inc.Court of Appeals for the Sixth Circuit · 1986
- State Ex Rel. Saveland Park Holding Corp. v. WielandWisconsin Supreme Court · 1955
- In Re Potter Material Service, Inc., Debtor. Official Creditors' Committee on Behalf of Class 8 Unsecured Creditors v. Potter Material Service, Inc.Court of Appeals for the Seventh Circuit · 1986
- Atchison, Topeka & Santa Fe Railway Co. v. Kings County Water DistrictCalifornia Supreme Court · 1956
- Matter of US Truck Co., Inc.District Court, E.D. Michigan · 1985
6 more not listed; retrieve them via the Exa API.
3Cited by14 opinions
- In the Matter of Delbert Snyder, Deanna Snyder, and Robert Snyder, Debtors-Appellants. Farm Credit Bank of St. Louis, Cross-AppellantCourt of Appeals for the Seventh Circuit · 1992
- In Re Resorts International, Inc.United States Bankruptcy Court, D. New Jersey · 1990
- In Re Pullman Construction Industries Inc.United States Bankruptcy Court, N.D. Illinois · 1990
- In Re Creekside Landing, Ltd.United States Bankruptcy Court, M.D. Tennessee · 1992
- In Re Atlanta West VIUnited States Bankruptcy Court, N.D. Georgia · 1988
9 more not listed; retrieve them via the Exa API.