Legal Opinion
Central National Bank & Trust Co. v. Liming
Court of Appeals for the Tenth Circuit
Decided July 29, 1986No. Nos. 83-1382, 83-1383PublishedCited by 2 opinions
1Opinion of the Court
LOGAN, Circuit Judge.
Harold Gregg Liming, an Oklahoma farmer, obtained a $15,000 loan from the Central National Bank of Enid, Oklahoma, in April 1980. Liming’s loan application stated that he had a net worth of $183,000 and total debts of $88,000. He pledged a John Deere tractor worth $30,000 as collateral.
Seventy-six days later, in June 1980, Liming gave Central National a revised financial statement. The impetus for the new statement is unclear, but it listed a net worth of only $33,000 and total debts of $264,000. Instead of calling its loan, Central National accepted a $3,000 payment on…
2Cases cited31 opinions
- United States v. Security Industrial BankSupreme Court of the United States · 1982
- In Re John Houtman and Gladys Irene Houtman, Bankrupts. John Houtman and Gladys Irene Houtman v. Edgar F. Mann and Edna M. Mann, Creditors-AppelleesCourt of Appeals for the Ninth Circuit · 1978
- In Re Giuseppe Matera, Bankrupt. Peter Carini v. Giuseppe MateraCourt of Appeals for the Seventh Circuit · 1979
- Sweeney v. Pacific Finance Co. (In Re Sweeney)United States Bankruptcy Court, E.D. Wisconsin · 1980
- Peter C. Augustine and Nancy L. Augustine v. United States of America, United States Department of Agriculture, Farmers Home AdministrationCourt of Appeals for the Third Circuit · 1982
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3Cited by2 opinions
- In Re LimingCourt of Appeals for the Tenth Circuit · 1986
- Jerald James JOHNSTON, Debtor-Appellant, v. Gary BARNEY, Trustee-AppelleeCourt of Appeals for the Tenth Circuit · 1988