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IN RE WALAT FARMS, INC.

Bankruptcy No. 85-09344, Adv. No. 86-9031.

69 B.R. 529 (1987)

In re WALAT FARMS, INC., Debtor. WALAT FARMS, INC., a Michigan corporation, Plaintiff, v. UNITED STATES of America, acting Through the U.S. DEPARTMENT OF AGRICULTURE, Agricultural Stabilization and Conservation Service and Commodity Credit Corporation, Defendant.

United States Bankruptcy Court, E.D. Michigan, N.D.

January 27, 1987.

Attorney(s) appearing for the Case

Randall L. Frank, Bay City, Mich., for debtor.

Michael J. Hluchaniuk, Asst. U.S. Atty., Bay City, Mich., for defendant.

MEMORANDUM OPINION DENYING DEBTOR IN POSSESSION'S REQUEST FOR TURNOVER OF FUNDS

ARTHUR J. SPECTOR, Bankruptcy Judge.

The facts are not disputed. In 1984, the debtor Walat Farms, Inc., (hereafter plaintiff) obtained loans from the Commodity Credit Corporation (hereafter defendant), secured by liens on debtor's 1984 corn and soybean crops. In February, 1985 the debtor signed a contract with the defendant to participate in the 1985 Price Support...

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