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ARMSTRONG v. NORWEST BANK, MINNEAPOLIS, N.A.

No. 91-1613.

964 F.2d 797 (1992)

Phillip D. ARMSTRONG, Trustee of the Bankruptcy Estate of Kye Trout, Jr., Appellant, v. NORWEST BANK, MINNEAPOLIS, N.A., Appellee.

United States Court of Appeals, Eighth Circuit.

Decided May 19, 1992.

Attorney(s) appearing for the Case

Phillip D. Armstrong, Minot, N.D., argued, pro se.

Christian C. Onsager, Denver, Colo., argued (Christian C. Onsager and Margaret M. McNamara, on the brief), for appellee.

Before ARNOLD, Chief Judge, MAGILL, Circuit Judge, and LARSON, Senior District Judge.

LARSON, Senior District Judge.

I.

Phillip D. Armstrong is Trustee for the bankruptcy estate of Kye Trout, Jr. Trout was engaged in the business of developing oil and gas properties. When Trout filed a Chapter 11 bankruptcy petition in January of 1987, Norwest Bank was his primary secured creditor, holding properly perfected mortgages and security agreements, and assignments of production, in twenty-six of Trout's properties. Trout was indebted to Norwest...

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