In re Wallman
United States Bankruptcy Court for the District of South Dakota
71 B.R. 125 (1987)
- Written by Sarah Holley, JD
Facts
Willard Willis Wallman (debtor) operated a crop farming business and, in exchange for a loan to finance such business, executed a security agreement that granted to the Farmers Home Administration (creditor) a security interest in “all crops, annual and perennial, and other plant products now planted, growing or grown, or which are hereafter planted or otherwise become growing crops or other plant products.” In 1983, Wallman filed a petition for relief under Chapter 11 of the United States Bankruptcy Code. Then, in 1986, Wallman, as he was still in the process of reorganization, planted and harvested a crop of wheat. Wallman thereafter sold a portion of this crop, and Farmers Home Administration claimed a security interest in the proceeds resulting therefrom.
Rule of Law
Issue
Holding and Reasoning (Ecker, J.)
What to do next…
Here's why 832,000 law students have relied on our case briefs:
- Written by law professors and practitioners, not other law students. 46,500 briefs, keyed to 994 casebooks. Top-notch customer support.
- The right amount of information, includes the facts, issues, rule of law, holding and reasoning, and any concurrences and dissents.
- Access in your classes, works on your mobile and tablet. Massive library of related video lessons and high quality multiple-choice questions.
- Easy to use, uniform format for every case brief. Written in plain English, not in legalese. Our briefs summarize and simplify; they don’t just repeat the court’s language.
