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IN RE BUTT

Bankruptcy No. 184-00220, Adv. No. 86-8108.

68 B.R. 1001 (1987)

In re Stanley John BUTT and Anna Mildred Butt, Debtors. Stanley John BUTT and Anna Mildred Butt, f/d/b/a Avon Grain Company, Plaintiffs, v. HARTFORD INSURANCE COMPANY, Defendant.

United States Bankruptcy Court, C.D. Illinois.

January 26, 1987.

Attorney(s) appearing for the Case

William H. Knuppel, Boggs, Knuppel & Krebaum, P.C., Havana, Ill., for plaintiffs.

William I. Covey, Heyl, Royster, Voelker & Allen, Peoria, Ill., for defendant.

OPINION AND ORDER

WILLIAM V. ALTENBERGER, Bankruptcy Judge.

Prior to the filing of their Chapter 7 proceeding, the PLAINTIFFS owned and operated Avon Grain Company (AVON). On December 21, 1981, the PLAINTIFFS signed an Indemnity Agreement with the DEFENDANT, agreeing to indemnify the DEFENDANT for any payment it might be required to make on AVON's warehouse bond issued by the DEFENDANT, and on December 28, 1981, the DEFENDANT issued the warehouse bond. AVON...

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