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MATTER OF LUNDELL FARMS

Bankruptcy No. MM11-87-02620.

86 B.R. 582 (1988)

In the Matter of LUNDELL FARMS, Debtor.

United States Bankruptcy Court, W.D. Wisconsin.

May 13, 1988.

Attorney(s) appearing for the Case

Sheree Gowey, Asst. U.S. Atty., Madison, Wis.

Denis P. Bartell, Steven J. Kirschner, Ross & Stevens, S.C., Madison, Wis., for debtor.

Kristi McKittrick, Madison, Wis., for creditor, John Lundell.

MEMORANDUM DECISION

ROBERT D. MARTIN, Chief Judge.

This matter raises the issue of whether Commodity Credit Corporation may exercise a claimed right of setoff against property of the bankruptcy estate. The debtor and various of its general partners have sought to use the disputed funds in their farming operations and have resisted the setoff.

The resolution of legal issues has been hindered by incomplete evidence. One fact that can be stated with...

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