Matter of Lundell Farms
United States Bankruptcy Court, W.D. Wisconsin
1Opinion of the Court
MEMORANDUM DECISION
ROBERT D. MARTIN, Chief Judge.
This matter raises the issue of whether Commodity Credit Corporation may exercise a claimed right of setoff against property of the bankruptcy estate. The debtor and various of its general partners have sought to use the disputed funds in their farming operations and have resisted the setoff.
The resolution of legal issues has been hindered by incomplete evidence. One fact that can be stated with certainty is that on October 1, 1987, Lundell Farms, a partnership, commenced a case under chapter 11 of the Bankruptcy Code. The exact composition of…
2Cases cited38 opinions
- Michele Portmann, Doing Business as Grafica, an Individual v. United StatesCourt of Appeals for the Seventh Circuit · 1982
- Trw, Inc., and Horace A. Shepard v. The Federal Trade CommissionCourt of Appeals for the Ninth Circuit · 1981
- In Re Braniff Airways, Inc.United States Bankruptcy Court, N.D. Texas · 1984
- Bank of Sun Prairie v. OpsteinWisconsin Supreme Court · 1979
- Carl Bolander & Sons Inc. v. United Stockyards Corp.Supreme Court of Minnesota · 1974
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- Kroh Operating Ltd. Partnership v. Barnett Bank of Southwest Florida (In Re Kroh Bros. Development Co.)United States Bankruptcy Court, W.D. Missouri · 1989
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