IN RE McLAUGHLIN FARMS, INC.

Bankruptcy Nos. X86-02586F, X88-00180F and X88-00179F, Adv. No. X89-0106F.

120 B.R. 493 (1990)

In re McLAUGHLIN FARMS, INC., Bru-Bet Arabians, Inc. and Bru-Bet Big Sky Corp., Debtors. Habbo FOKKENA, Trustee, Plaintiff, v. FIRST NATIONAL BANK OF GLIDDEN, Defendant.

United States Bankruptcy Court, N.D. Iowa.

August 22, 1990.


Attorney(s) appearing for the Case

Thomas P. Peffer, Cedar Rapids, Iowa, for plaintiff/trustee.

James Pray, Des Moines, Iowa, for defendant.


WILLIAM L. EDMONDS, Bankruptcy Judge.

Habbo Fokkena is the trustee in these consolidated liquidation cases. In this adversary proceeding, he seeks a determination that First National Bank of Glidden (BANK) has no security interest in the proceeds of the sale of certain estate property. Trial was held in Fort Dodge, Iowa on January 19, 1990. Having considered the evidence and the arguments of the parties, the court now issues this decision which includes findings of...

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