MATTER OF THOMPSON

No. 84-1260.

750 F.2d 628 (1984)

In the Matter of Russell THOMPSON and Dixie A. Thompson, Engaged in Farming, Debtors. Petition of Russell THOMPSON and Dixie A. Thompson.

United States Court of Appeals, Eighth Circuit.

Decided December 5, 1984.


Attorney(s) appearing for the Case

C.R. Hannan, Council Bluffs, Iowa, for debtors.

Steven H. Krohn, Council Bluffs, Iowa, for creditor.

Before LAY, Chief Judge, ROSS and McMILLIAN, Circuit Judges.


LAY, Chief Judge.

Bankrupt debtors, Russell and Dixie Thompson, claim a lien avoidance under federal bankruptcy law on certain livestock. The livestock consists of 210 pigs under six months of age and valued at $4,500. The bankruptcy judge, the Honorable Richard Stageman, found in favor of the secured creditor, the Agricultural Production Credit Association (APCA). Judge Stageman ruled that the pigs, although exempt under state law, were not subject to avoidance under...

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