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IN RE LAHMAN MFG. CO., INC.

Bankruptcy No. 182-00116, Adv. No. 183-0024.

33 B.R. 681 (1983)

In re LAHMAN MANUFACTURING COMPANY, INC., Debtor. LAHMAN MANUFACTURING COMPANY, INC., Fritz Lahman and Arlyne Lahman, Plaintiffs, v. FIRST NATIONAL BANK OF ABERDEEN, Aberdeen, South Dakota, Defendant.

United States Bankruptcy Court, D. South Dakota.

October 7, 1983.

Attorney(s) appearing for the Case

Joe L. Maynes, Maynes, Tonner, Maynes & Tobin, Aberdeen, S.D., for plaintiffs.

James A. Wyly, Richardson, Groseclose, Kornmann, Wyly, Wise & Klinkel, Aberdeen, S.D., for defendant.

MEMORANDUM DECISION

PEDER K. ECKER, Bankruptcy Judge.

THE FACTS

Lahman Manufacturing Company, Inc. (debtor), filed its petition in bankruptcy under Chapter 11 on November 3, 1982.1 Less than two weeks later, a secured creditor, the First National Bank of Aberdeen (bank),2 brought suit against Fritz and Arlyne Lahman, the principle shareholders and officers of the debtor, to collect on personal...

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