Legal Opinion
Barash v. Peoples National Bank of Kewanee (In re Kruger)
District Court, C.D. Illinois
Decided December 17, 1986No. Bankruptcy No. 86-81112; Adv. No. 86-8310PublishedCited by 4 opinions
1Opinion of the Court
OPINION AND ORDER
WILLIAM V. ALTENBERGER, Bankruptcy Judge.
The facts of this matter are not in dispute. The Defendant made a loan to the debtors, and as security for the loan the debtors gave the Defendant a security interest in the debtors’ 1985 com crop, along with all proceeds from the crop. The debtors sealed the 1985 com crop in the federal government’s grain program which entitled them to a deficiency payment for the 1985 crop year (deficiency payment). The debtors received the deficiency payment and used it to repay the Defendant. The debtors then filed a Chapter 7 proceeding in…
2Cases cited5 opinions
- In the Matter of Leland G. Schmaling and Mary F. Schmaling, Debtors. Appeal of Esther J. Schmaling, Leland G. Schmaling and Mary F. SchmalingCourt of Appeals for the Seventh Circuit · 1986
- First State Bank of Abernathy v. Holder (In Re Nivens)United States Bankruptcy Court, N.D. Texas · 1982
- In Re WeylandUnited States Bankruptcy Court, E.D. Wisconsin · 1986
- Matter of BinningUnited States Bankruptcy Court, S.D. Ohio · 1984
- Production Credit Ass'n of Fairmont v. Martin County National Bank of FairmontCourt of Appeals of Minnesota · 1986
3Cited by4 opinions
- Barash v. Peoples National Bank of Kewanee (In Re Kruge)United States Bankruptcy Court, C.D. Illinois · 1987
- Farm Credit Bank of St.Louis v. State Bank of Annawan (In re Blackert)District Court, C.D. Illinois · 1989
- In Re BlackertUnited States Bankruptcy Court, C.D. Illinois · 1989
- Scudder v. Farmers Production Credit Ass'nIndiana Court of Appeals · 1988