The district court agreed with the bankruptcy court that the debt at issue was non-dischargeable under § 523(a)(2)(B) because the debtor provided a false financial statement, but modified the judgment amount to reflect the total amount of the claim

The district court reversed the bankruptcy court's order granting relief from the automatic stay to a secured creditor, with directions to the bankruptcy court to set a new hearing at which to consider debtors' evidence regarding adequate protection

Reported at 16 B.R. 78. The avoidance powers of sec. 522(f) apply only to liens attaching on or after enactment date of the 1978 Bankruptcy Code, not to those arising prior to that date. Avoidance actions to protect exemptions may be filed post-discharge

A storage company that sold the debtor's belongings to satisfy unpaid pre-petition storage charges did not violate the automatic stay because there was no evidence the company had actual knowledge of the bankruptcy case when it conducted the sale

Debtor car dealer purchased a car from another dealer, who then paid off the floor plan financing & obtained a lien release. However, debtor's check didn't clear. As between seller & debtor's lender regarding rights to the sale proceeds, seller loses

A creditor with a security interest in inventory would not be adequately protected if the debtor were to use cash collateral to buy new inventory because the security interest would not attach, leaving creditor without cash or inventory as collateral

Reported at 13 B.R. 15. The court ruled that Cessna held a valid perfected security interest under Kansas law in the proceeds of an airplane that defendants willfully converted to their own use. Under the Bankruptcy Act, however, debt is dischargeable

The court denied a creditor's request to be appointed to the creditors' committee, because the creditor is involved in litigation with the debtor and his interests may be adverse to those of the committee, which would frustrate the committee's work

The district court affirmed the bankruptcy court's decision that the creditor accountant was not entitled to payment because he did not file a claim and he did not obtain permission from the bankruptcy court for post-petition employment by the debtor

The district court affirmed the bankruptcy court's order that the plaintiff creditors had no claim to funds held by the debtors as a result of the termination of a lease, nor was it covered under the "general intangible" clause in the security documents