Legal Opinion
Kentucky Bank & Trust Co. v. Duncan (In Re Duncan)
United States Bankruptcy Court, W.D. Kentucky
Decided December 21, 1983No. 19-30626PublishedCited by 26 opinions
1Opinion of the Court
MEMORANDUM AND ORDER
MERRITT S. DEITZ, Jr., Bankruptcy Judge.
Kentucky Bank & Trust Co. v. Duncan comes to us as part of the “new pattern of farm bankruptcy litigation” which we easily predicted after a period of high interest rates, restricted credit and statewide crop failures. 1 The case appears to be a fairly typical illustration of farm lending practices in rural Kentucky, and its outcome turns on the question of whether there was “reasonable reliance” by the creditor in lending money based upon an admittedly incorrect financial statement.
Dennis Duncan is a farmer in Madison-ville,…
2Cases cited14 opinions
- In the Matter of Ben F. Garman, Bankrupt. The Northern Trust Company v. Ben F. GarmanCourt of Appeals for the Seventh Circuit · 1980
- Sweet v. Ritter Finance CompanyDistrict Court, W.D. Virginia · 1967
- Waterbury Community Federal Credit Union v. Magnusson (In Re Magnusson)United States Bankruptcy Court, N.D. New York · 1981
- In Re Orrin C. Kreps, Jr. And Margaret W. Kreps, Debtors. First National Bank of Lansing v. Orrin C. Kreps, Jr. And Margaret W. KrepsCourt of Appeals for the First Circuit · 1983
- Telco Leasing, Inc. v. Patch (In Re Patch)District Court, D. Maryland · 1982
9 more not listed; retrieve them via the Exa API.
3Cited by26 opinions
- First American Bank of New York v. Bodenstein (In Re Bodenstein)United States Bankruptcy Court, E.D. New York · 1994
- Household Finance Corp. v. Howard (In Re Howard)United States Bankruptcy Court, N.D. Indiana · 1987
- IFG Leasing Co v. Vavra (In Re Harms)United States Bankruptcy Court, D. Minnesota · 1985
- Municipal Credit Union v. Brown (In Re Brown)United States Bankruptcy Court, E.D. New York · 1986
- Sovran Bank, N.A. v. Allen (In Re Allen)District Court, E.D. Virginia · 1986
21 more not listed; retrieve them via the Exa API.