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IN RE TVETEN

Bankruptcy No. 4-86-30, Civ. No. 4-87-357.

82 B.R. 95 (1987)

In re Omar A. TVETEN, Debtor. NORWEST BANK NEBRASKA, N.A., Business Development Corporation of Nebraska and Harold J. Panuska, et al., Plaintiffs/Appellees, v. Omar A. TVETEN, Defendant/Appellant.

United States District Court, D. Minnesota, Fourth Division.

July 10, 1987.

Attorney(s) appearing for the Case

Gordon B. Conn, Jr., and Clark T. Whitmore, Faegre & Benson, Minneapolis, Minn., for plaintiffs/appellees.

Cass S. Weil, Peterson, Franke & Riach, P.A., St. Paul, Minn., for defendant/appellant.

MEMORANDUM OPINION AND ORDER

DIANA E. MURPHY, District Judge.

Defendant Omar A. Tveten appeals from the bankruptcy court's decision dated February 27, 19871 which found that Tveten acted with actual intent to defraud, delay, and hinder creditors when he converted nonexempt property into approximately $700,000 worth of exempt property prior to his Chapter 11 filing. On this basis, the bankruptcy court determined that Tveten would...

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