Reported at 98 B.R. 970. Plan confirmation was denied because the plan was not in the best interest of creditors. The holders of newly issued bonds under the plan must receive full payment of principal and interest before warrantholders can be paid.

Reported at 97 B.R. 565. The court denied discharge under § 727(a)(2) after finding sufficient extrinsic evidence of the debtors’ intent to hinder, delay, or defraud a creditor by making a concerted effort to remove assets from the creditor’s reach.

Reported at 97 B.R. 561. The court denied debtor’s motion for turnover, finding it to be in the creditors’ best interests that a receiver remain in possession, as the debtor was unable to prove that his plan to enroll the property in the CRP was feasible.

Reported at 97 B.R. 554. The bank’s judicial lien on rents could not be avoided as a preference under § 547 or under the trustee’s general avoiding powers in § 544 or as a statutory lien under § 545 or under the court’s equitable powers pursuant to § 522(b).

Reported at 96 B.R. 972. Debtors’ motion for turnover of assets from the receiver was granted. Section 543 merely requires the debtors to prove that turnover would be in the best interest of creditors, which is separate from the ability to reorganize.

Reported at 96 B.R. 967. The bankruptcy court has no jurisdiction over a conversion action against a Chapter 9 debtor or its employees, officers, or agents. The action is more appropriately brought under the Political Subdivisions Tort Claims Act.

Reported at 102 B.R. 183. IRS’s lien for taxes should be treated as a secured claim. Debtor didn’t have sufficient assets for a lien for two years of tax assessments to attach, so the claims for those years should be treated as priority under § 507(a)(7).

Reported at 107 B.R. 662. Farm Credit Bank’s motion for relief to pursue foreclosure was denied because it had not determined whether the debtors’ loan was distressed and subject to restructuring, as required by the Agricultural Credit Act of 1987.

Reported at 96 B.R. 966. Chapter 9 precludes the court from ruling on the appropriateness of using debtor’s bond funds to pay administrative expenses on an interim basis.  State law governs such distributions, other than through a plan of adjustment.

Reported at 94 B.R. 160. Debtor filed a voluntary Chapter 11 petition, effecting a conversion of the existing involuntary Chapter 7 case. The date of commencement relates back to the Chapter 7 filing date and the transfer at issue therefore was post-petition and not avoidable.