Summary judgment was granted to the lender on the issue of 11 U.S.C. section 552(b), finding that under the plain language of the statute, the bank's pre-petition security interest in milk should be given effect post-petition as well.

Motion for relief from stay under section 362(d) denied because collateral (hotel) was not declining in value and was necessary for effective reorganization.

Published at 208 B.R. 470. The property settlement agreement reached as part of the parties' marital dissolution obligated debtor to pay one-half of a loan taken out during the marriage to cover family medical expenses. That obligation is non-dischargeable under section 523(a)(15).

IRS amended and substantially increased its claim for unemployment taxes six years after claims bar date. IRS offered no justification or excuse for the delay, so the amended claim was disallowed as untimely filed.

Debtor's pension plan is not property of the bankruptcy estate because it contains a restriction on transfer of the beneficial interest. Therefore, the court has no jurisdiction to decide whether the property is exempt or whether lien on it is avoidable

On defendant's motion to reconsider, the court dismissed the adversary proceeding as untimely filed. Rules 4007(c) and 4004(a) and (b) are clear that the court may not permit an extension of time in which to file unless a timely motion has been made.

Pre-petition, the debtor settled a personal injury claim with his former employer and received an annuity. He assigned his interest in the payments to his lender; the assignment removed the settlement proceeds from exempt status under Nebraska law

Reported at 62 B.R. 65. Payroll taxes, wages, & attorney fees incurred during the debtor's pre-liquidation operation of its business provided benefit to the estate and should be paid from the secured creditor's collateral as administrative expenses

The court denied summary judgment on a § 523(a)(2)(B) complaint because of fact questions. The valuation of assets listed on the debtor's financial statements, and the bank's reliance on those valuations, would need to be explored at trial.

Lien priority dispute regarding leased livestock. Discussion of U.C.C. and Effective Financing Statements.