IN RE MIDWEST AGRI DEVELOPMENT CORP.

Nos. 07-6068, 07-6069.

387 B.R. 580 (2008)

In re MIDWEST AGRI DEVELOPMENT CORP., doing business as Jamestown Implement, doing business as Valley City Equipment, doing business as Midwest Ag Services, doing business as L & E Equipment, doing business as Ellendale Equipment, doing business as Jamestown Agri-Sales, doing business as Agri-Lease, Debtor. Russet J. Hoggarth, Creditor-Appellant-Cross-Appellee, v. Kip M. Kaler, Trustee-Appellee-Cross-Appellant.

United States Bankruptcy Appellate Panel of the Eighth Circuit.

Filed: April 30, 2008.


Attorney(s) appearing for the Case

Jonathan T. Garaas, Fargo, ND, for appellant.

Kip M. Kaler, Fargo, ND, for appellee.

Before KRESSEL, Chief Judge, MAHONEY and McDONALD, Bankruptcy Judges.


KRESSEL, Chief Judge.

Russel Hoggarth appeals orders of the bankruptcy court which disallowed his secured claim and approved the settlement agreement between the debtor's trustee and Midwest Ag Services' trustee. We reverse the bankruptcy court's disallowance of Hoggarth's secured claim but affirm the approval of the settlement.

Background

The debtor is a holding company which held shares of various...

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