IN RE KZK LIVESTOCK, INC.

Bankruptcy No. 91-82986, Adversary No. 95-8069.

221 B.R. 471 (1998)

In re KZK LIVESTOCK, INC., Debtor. Richard E. BARBER, not individually but as Trustee for the estate of KZK Livestock, Inc. v. PRODUCTION CREDIT SERVICES OF WEST CENTRAL ILLINOIS, FLCA, and Production Credit Services of West Central Illinois, PCA, Defendants.

United States Bankruptcy Court, C.D. Illinois.

May 21, 1998.


Attorney(s) appearing for the Case

Alan J. Fulkerson, Riordan & Larson, Chicago, IL, for trustee.

Richard E. Barber, Hanlon & Barber, Galesburg, IL, trustee.

John Bisbee, Macomb, IL, Robert Lindstrom, Mustain, Lindstrom & Henson, Galesburg, IL, for Defendant.


OPINION

WILLIAM V. ALTENBERGER, Chief Judge.

Kendall Knowles (KNOWLES) was the sole shareholder, director, and officer of KZK Livestock, Inc., an Illinois Corporation (KZK). KNOWLES had a loan with Production Credit Services of West Central Illinois, FLCA and Production Credit Services of West Central Illinois, PCA (jointly referred to as "PCA"). KZK repaid the loan. KNOWLES was also operating a check kite involving a KZK bank account at the First...

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