- 11 U.S.C.
Speth v. Whitham Farms Feedyard LP (In re Sunbelt Grain WKS LLC)
Mar
31
2010
Ruling
Bankruptcy court properly held that equitable subordination did not apply to give buyer superior interest to bank.
Procedural posture
In a chapter 7 adversary proceeding, appellant creditor challenged a ruling of the U.S. Bankruptcy Court for the District of Kansas granting summary judgment to appellee bank and finding that the bank's security interest in the debtor's grain inventory was superior to that of the creditor. The debtor operated storage facilities that it used in buying and storing grain for farmers.
ABI Membership is required to access the full summary of Speth v. Whitham Farms Feedyard LP (In re Sunbelt Grain WKS LLC) Please sign in if you are already an ABI member, or otherwise you may Become an ABI Member
Court
: