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Community First National Bank v. Elkhorn Farm, Inc. (In re Elkhorn Farm, Inc.)

Bankr. No.: 
99-50553
Adv. No.: 
00-5004
Chapter: 
11
Date of Decision: 
May 3, 2000
Issue: 
Whether Bank had a post-petition security interest under ยง 552(b)(1) in federal government farm program payments that the debtor had received?
Ruling: 
The Bank did have a post-petition security interest in the farm program payments. Evidence was needed, however, on the issue of whether this security interest should be cut off based on the equities of the case.
Full Bankruptcy Court Decision: