Willamette Production Credit Ass'n v. Lovelady (In Re Lovelady)

FINDINGS OF FACT AND CONCLUSIONS OF LAW GRANTING JUDGMENT TO PLAINTIFF WITH RESPECT TO 1980 CROP, REQUIRING FURTHER HEARING WITH RESPECT TO 1981 AND 1982 CROPS IF REQUESTED

DONAL D. SULLIVAN, Bankruptcy Judge.

Pursuant to agreement and after trial, the Court allowed the plaintiff, Willamette Production Credit Association (WPCA) to enforce its security interest in all collateral named in its security agreement and proceeds thereof, except crops growing at the time of the filing of the debtor’s petition under Chapter 11, or sown afterwards, and related proceeds. The plaintiff not only claims the…