IN RE PEARSON INDUSTRIES, INC.

Bankruptcy No. 89-81684.

152 B.R. 546 (1993)

In re PEARSON INDUSTRIES, INC., Debtor. Richard E. BARBER, Chapter 7 Trustee for Pearson Industries, Inc., Plaintiff, v. BETTENDORF BANK, N.A., Defendant.

United States Bankruptcy Court, C.D. Illinois.

March 15, 1993.


Attorney(s) appearing for the Case

Barry M. Barash, Barash, Stoerzbach & Henson, Galesburg, IL, for plaintiff.

Roger L. Strandlund and James S. Zmuda, Califf & Harper, P.C., Moline, IL, for defendant.

U.S. Trustee, Peoria, IL.


OPINION

WILLIAM V. ALTENBERGER, Bankruptcy Judge.

PEARSON INDUSTRIES, INC. (PEARSON) and INDUSTRIAL & MUNICIPAL ENGINEERING, INC. (IME) were, through common ownership, related corporations engaged in separate manufacturing businesses. On August 20, 1981, PEARSON, as borrower, IME, as one of several guarantors, the Bettendorf Bank & Trust Company (BANK), as lender, and the Farmers Home Administration (FMHA), as the lender's 90% guarantor, entered...

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