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IN RE GEORGE

Nos. 88-1164-C, 88-1155-C and 88-1156-C.

119 B.R. 800 (1990)

In re Dannell Joe GEORGE, Bernita Mae George, Debtors. In re Clarence Leroy BRADFORD, Barbara Joyce Bradford, Debtors. In re Joseph Carl FEIST, Anna Madgelan Feist, Debtors.

United States District Court, D. Kansas.

September 13, 1990.

Attorney(s) appearing for the Case

David G. Arst, Wichita, Kan., for plaintiff in 88-1164-C.

Eric D. Bruce, Bruce & Davis, Wichita, Kan., for Santa Fe Trail Credit Union and First State Bank & Trust Co. of Larned.

Anne L. Baker, John D. Ensley, Charles N. Henson, Eidson, Lewis, Porter & Haynes, Topeka, Kan., for Kansas Bankers Ass'n.

Lynn D. Allison, Wichita, Kan., Trustee in 88-1164-C.

Dan W. Forker, Jr., Hutchinson, Kan., for plaintiff in 88-1155-C.

James D. Holt, Eric D. Bruce, Bruce & Davis, Wichita, Kan., for John and Mable Bauer and 1st State Bank & Trust Co. of Larned.

Martin R. Ufford, Redmond, Redmond & Nazar, Wichita, Kan., Trustee in 88-1155-C.

Anne L. Baker, Eidson, Lewis, Porter & Haynes, Topeka, Kan., for Kansas Bankers Ass'n.

Robert A. Schartz, Wichita, Kan., for plaintiff in 88-1156-C.

Christopher Redmond, Redmond, Redmond & Nazar, Wichita, Kan., Trustee in 88-1156-C.

CROW, District Judge.

MEMORANDUM AND ORDER

These are three consolidated cases in which the trustee in each case appeals the decision of the bankruptcy court in In re George, 85 B.R. 133 (Bkrtcy.D.Kan.1988). Each case involves the disposition of Payment in Kind (PIK) certificates; the certificates or their proceeds are in the possession of each trustee. The facts are stipulated.

In its memorandum decision the...

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