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IN RE KLOUBEC

No. C00-73 MJM.

268 B.R. 173 (2001)

In re Myron J. KLOUBEC and Ellen K. Kloubec, d/b/a Kloubec Fish Farm.

United States District Court, N.D. Iowa, Cedar Rapids Division.

September 18, 2001.

Attorney(s) appearing for the Case

Wesley B. Huisinga, Shuttleworth & Ingersoll, Cedar Rapids, IA, for Renee K. Hanrahan, Chapter 7 Trustee.

Michael P. Mallaney, Smith, Schneider, Stiles, Hudson, Des Moines, IA, for Myron J. Kloubec and Ellen K. Kloubec.

H. Raymond Terpstra, II, Terpstra, Epping & Willett, Cedar Rapids, IA, for Farmers Savings Bank of Walford.

Wesley B. Huisinga, Shuttleworth & Ingersoll, Cedar Rapids, IA, for Carol Dunbar, Chapter 12 Trustee.

Carol F. Dunbar, Dunbar & Dunbar, Waterloo, IA, Chapter 12 Trustee.

Janet G. Reasoner, Office of U.S. Trustee, Cedar Rapids, IA.

John M. Titler, Titler & Monroe, Cedar Rapids, IA, for Denny Drahos.

OPINION AND ORDER

MELLOY, District Judge.

OPINION AND ORDER ON APPEAL FROM THE BANKRUPTCY COURT

Debtors Myron J. Kloubec and Ellen K. Kloubec, d/b/a Kloubec Fish Farms ("Debtors"), appeal an adverse decision granting the United States Trustee's Motion to Convert Debtors' Chapter 12 bankruptcy proceedings to Chapter 7 based on allegations of fraud.1 The bankruptcy court determined the Debtors engaged in a systematic...

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