In re Burival, No. BK07-42271-TLS, 2010 Bankr. LEXIS 3738 (Bankr. D. Neb. Oct. 18, 2010)

(trustee brings adversary complaint to avoid claim of alleged secured creditor asserting claim under financing statement that did not comply with Neb. Rev. Stat. Sec.9-502; trustee's motion for summary judgment granted; financing statement did not properly identify collateral in which security interest claimed and amended financing statement constituted preferential transfer; creditor's claims arose from two farm leases and creditor had been granted administrative priority claim of $181,275.80 for rent payments that came due post-petition; financing statements did not specify that creditor was placing lien on crops grown on the real estate to secure cash rent owed to creditor).

CALT does not provide legal advice. Any information provided on this website is not intended to be a substitute for legal services from a competent professional. CALT's work is supported by fee-based seminars and generous private gifts. Any opinions, findings, conclusions or recommendations expressed in the material contained on this website do not necessarily reflect the views of Iowa State University.

RSS​ Facebook Twitter