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IN RE PELTON

Bankruptcy No. 92-31790-7.

171 B.R. 641 (1994)

In re Nye C. PELTON, Debtor.

United States Bankruptcy Court, W.D. Wisconsin.

August 16, 1994.

Attorney(s) appearing for the Case

Jerome M. Ott, Lawton & Cates, S.C., Madison, WI, for debtor.

Marc R. Soderbloom, Quale, Hartmann, Bohl, Stevens & Reynolds, S.C., Baraboo, WI, for Farm Credit Services.

Michael E. Kepler, Trustee, Kepler & Peyton, Madison, WI.

MEMORANDUM DECISION

ROBERT D. MARTIN, Chief Judge.

Nye C. Pelton ("Pelton"), filed for protection under chapter 13 of the Bankruptcy Code. His case was converted to chapter 7 on September 8, 1992. One of his scheduled assets, a receivable from Anderson Livestock ("Anderson"), is the subject of this dispute between Farm Credit ("FC") and Pelton's bankruptcy trustee.

Pursuant to an agreement, Pelton selected cattle which were purchased with Anderson...

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