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IN RE MARTIN

Bankruptcy No. 92-82379, Adv. No. 92-8209.

154 B.R. 490 (1993)

In re Ellsworth David MARTIN and Donna Ruth Martin, Debtors. Richard E. BARBER, Chapter 7 Trustee for Ostrom-Martin, Inc., Plaintiff, v. Ellsworth David MARTIN, Defendant.

United States Bankruptcy Court, C.D. Illinois.

May 18, 1993.

Attorney(s) appearing for the Case

Barry M. Barash and Richard A. Dahl, Barash, Stoerzbach & Henson, Galesburg, IL, for plaintiff.

Stephen J. West, Safford, West, Tornow & Jaeger, Peoria, IL, for defendant.

OPINION

WILLIAM V. ALTENBERGER, Bankruptcy Judge.

OSTROM-MARTIN, INC. (OMI) was a grain dealer. The Defendant was a member of OMI's Board of Directors. OMI became indebted to certain gain producers. An involuntary Chapter 7 petition was filed against OMI, which ultimately consented to an adjudication. (January 14, 1992, Case No. 92-80099) The Defendant filed his own voluntary Chapter 7 bankruptcy.

After the filing of the involuntary petition against...

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