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MATTER OF DEIST FOREST PRODUCTS, INC.

No. 87-3159.

850 F.2d 340 (1988)

In the Matter of DEIST FOREST PRODUCTS, INC., Debtor-Appellant.

United States Court of Appeals, Seventh Circuit.

Decided June 29, 1988.

Attorney(s) appearing for the Case

James M. Siehr, Madison, Wis., for debtor-appellant.

Robert F. Konkol, Anderson Shannon O'Brien, Rice & Bertz, Stevens Point, Wis., for appellee.

Before WOOD, Jr., EASTERBROOK, and RIPPLE, Circuit Judges.

EASTERBROOK, Circuit Judge.

Portage County Bank was a secured creditor of Deist Forest Products, a debtor in a bankruptcy proceeding. The court permitted Forest Products to surrender to the Bank some of the property securing the loan, and the court in 1984 declared the debt of about $300,000 satisfied — indeed, declared in 1986 that the property was worth $8,000 more than the amount of the debt and ordered the Bank to pay that much to Forest Products (it did...

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