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IN RE TRANEL

No. 90-1502.

940 F.2d 1168 (1991)

In re Kenneth TRANEL and Beverly Tranel, Debtors. Kenneth TRANEL and Beverly Tranel, Appellants, v. ADAMS BANK AND TRUST COMPANY, Appellee. In re Lavern TRANEL and Doris Tranel, Debtors. Lavern TRANEL and Doris Tranel, Appellants, v. ADAMS BANK AND TRUST COMPANY and Prudential Insurance Company of America, Appellees.

United States Court of Appeals, Eighth Circuit.

Decided August 5, 1991.

Attorney(s) appearing for the Case

William Needler, argued, Ogallala, Neb. for appellants; Roger C. Elletson, Alta, Wyo., on the brief.

Steven C. Turner, argued, Omaha, Neb. for appellees; Anne M. Breitkreutz, Omaha, Neb., on the brief.

Clifton R. Jessup, Jr. and Steven J. Kahler, Dallas, Tex., on the brief, of Prudential Ins. Co.

Before BOWMAN, Circuit Judge, HEANEY, Senior Circuit Judge, and LARSON, Senior District Judge.

HEANEY, Senior Circuit Judge.

In this case, Nebraska farmers, the Tranels, filed for Chapter 11 bankruptcy. Over their objections, the bankruptcy court confirmed their creditors' reorganization plan. The district court affirmed this decision. The Tranels appeal. We affirm.

BACKGROUND

Doris and Lavern Tranel and their son, Kenneth, and his wife, Beverly, are western Nebraska farmers. In 1984, Lavern and Kenneth jointly founded a trucking business...

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