A fund transfer between the accounts of two corporations owned by the debtor was intercepted by the lender and applied to a corporate debt. The debtor sued to avoid the transfer, but the court ruled it wasn't a preference as it wasn't debtor's property.

On appeal, the district court affirmed the bankruptcy court's finding that a creditor hadn't filed a proof of claim, as its motions for relief from stay and to prohibit the use/sale/lease of collateral could not be considered "informal" proofs of claim

Debtor requested withdrawal of his pension funds and authorized their deposit into his credit union account. The deposit wasn't an assignment & didn't run afoul of anti-alienation laws. The credit union could set off the funds against debtor's loans

Court refused to set aside compromise agreement between DIP & lenders in which debtors agreed to pay 50% of banks' claims and give up ability to challenge banks' liens. The terms of the agreement were fully disclosed & unsecured creditors did not object

Debtors can't claim homestead exemption for home abandoned prior to bankruptcy filing. Each debtor may claim exemptions under Neb. Rev. Stat. secs. 25-1552 & 25-1556. Debtors' car can't be exempted as either a "tool" or an "immediate personal possession"

The district court reversed the bankruptcy court, ruling that the plaintiff creditor of one of two related debtors did have standing to challenge the trustee's designation of which of the two bankruptcy estates he would allocate recovered property to

The prevailing party's attorneys' fees are not a taxable cost as part of a non-dischargeability action under section 523 when the debt at issue is a business debt rather than a consumer debt

On appeal, the district court affirmed the confirmation of the debtor's Chapter 11 plan, finding that even though the debtor's equity interest class was impaired, the plan did not discriminate unfairly and was fair and equitable to the impaired class

Itemized statements generally are sufficient to support fee applications, and additional evidence is normally unnecessary. Because a Chapter 11 examiner benefits the estate as a whole, he may be compensated from assets claimed by a secured creditor

Court denied debtors' motion for summary judgment on their request to avoid a judicial lien as impairing an exemption, because debtors did not submit any evidence. Evidence from the bankruptcy case must be offered in the adversary case to be considered