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DELBRIDGE v. PRODUCTION CR. ASS'N & FED. LAND BANK

No. 86-CV-40441-FL.

104 B.R. 824 (1989)

Ward F. DELBRIDGE, Sr., and Brenda S. Delbridge, Plaintiffs, v. PRODUCTION CREDIT ASSOCIATION AND FEDERAL LAND BANK, Defendant.

United States District Court, E.D. Michigan, S.D., Flint.

May 26, 1989.

Attorney(s) appearing for the Case

Richard Stehno, North Branch, Mich., for plaintiffs.

Peter A. Teholiz, Lansing, Mich., for defendant.

MEMORANDUM OPINION AND ORDER

NEWBLATT, District Judge.

This is an appeal from an order of the Bankruptcy Court, dated July 8, 1986, which permitted the use of cash collateral pursuant to 11 U.S.C. §§ 363(c) and 552(b). In the alternative, appellant (hereafter PCA) challenges the formula devised by the Bankruptcy Court as a measure of the amount of proceeds which could be retained by the debtor as cash collateral and the amount found to constitute...

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