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Tinsley & Groom v. West Kentucky Production Credit Ass'n (In Re Tinsley & Groom)

United States Bankruptcy Court, W.D. Kentucky

Decided November 5, 1984No. 19-50159PublishedCited by 15 opinions

1Opinion of the Court

MEMORANDUM OPINION

G. WILLIAM BROWN, Bankruptcy Judge.

This case comes before the Court on Complaint filed by debtor farmers. At issue is the validity of the “full proceeds loan” agreement between West Kentucky Production Credit Association (PCA) and the debtor-farmers, testing whether such contracts by their nature, provisions and controls, compel a finding that the creditor is an “insider” within the bankruptcy definition together with its ramifications, and/or whether a claim flowing out of such a contract is equitably subordinated for purposes of consideration under Chapter 11 relief.

The…

2Cases cited12 opinions

  1. Pepper v. LittonSupreme Court of the United States · 1939
  2. Comstock v. Group of Institutional InvestorsSupreme Court of the United States · 1948
  3. Mammoth Cave Production Credit Association v. YorkCourt of Appeals of Kentucky (pre-1976) · 1968
  4. Citizens Fidelity Bank & Trust Co. v. All-Brite Sign Service Co. (In Re All-Brite Sign Service Co.)United States Bankruptcy Court, W.D. Kentucky · 1981
  5. In Re DraneDistrict Court, W.D. Kentucky · 1962

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3Cited by15 opinions

  1. 27 Collier bankr.cas.2d 1112, Bankr. L. Rep. P 74,813, 20 Ucc rep.serv.2d 1008 in Re Baker & Getty Financial Services, Inc., Debtors. First National Bank of Barnesville, (91-3200), Plaintiff/cross-Appellant (91-3199) v. Carl D. Rafoth, Trustee for Baker & Getty Financial Services, Inc., Baker & Getty Diversified, Inc., Baker & Getty Securities, Inc., Philip Cordek and Suzan Bierman Cordek, (91-3195), Defendants/cross-Appellants (91-3269)Court of Appeals for the First Circuit · 1992
  2. Enron Corp. v. Springfield Associates, L.L.C. (In Re Enron Corp.)District Court, S.D. New York · 2007
  3. First National Bank of Barnesville v. Rafoth (In re Baker & Getty Financial Services, Inc.)Court of Appeals for the Sixth Circuit · 1992
  4. Toledo Trust Co. v. Peoples Banking Co. (In Re Hartley)United States Bankruptcy Court, N.D. Ohio · 1985
  5. Meeks v. Bank of Rison (In Re Armstrong)United States Bankruptcy Court, E.D. Arkansas · 1999

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