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Judge Timothy J. Mahoney (Retired)

Farmers & Merchants Nat'l Bank, West Point, Nebraska v. Harold D. & Marilyn Schulz (In re Schulz), BK85-980, A85-195 and -112, Ch. 11

Debtor's non-debtor wife, who operated the farm with him, did not sign any loan documents. The court held that she didn't have an ownership interest in non-titled personal property used as collateral, but if she did, she'd acquiesced to its encumbrance

Farnam Associates Ltd. Partnership v. Andersen Construction Co. (In re Farnam Associates Ltd. Partnership), A91-8119, BK91-80845, Ch. 11

Contractor, although an innocent party, had no equitable lien on funds held by the project lender after the project owner defaulted, because there was no legal basis for giving a construction lien claimant priority over the holder of first mortgage

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