The trustee's complaint to avoid alleged fraudulent transfers was untimely filed under § 544. The longer state law statute of limitations did not save the lawsuit because the trustee necessarily was acting under the authority of the Bankruptcy Code.

Court denies debtor's motion to intervene as defendant in an adversary action concerning the alleged fraudulent conveyance of stocks to debtor's children, because debtor has no financial stake in claim and the estate's interests are represented.

Reported at 213 B.R. 156. The debtor's student loan "first became due" on the day following the expiration of the grace period, so the loan had become due more than five years before the petition date and was therefore dischargeable under § 523(a)(8).

Debtor assumed a mortgage when it bought real estate. Lender argued it was not a creditor because it had no privity with the debtor. Court found that under section 101(10) it is a creditor with a claim against the debtor. Opinion also discusses bad faith

Debtors may use cash collateral to plant crops, to the extent of the adequate protection value available through crop insurance & marketing contracts. However, risks to the creditor are too high to permit cash collateral to be used to buy feeder calves

Because both parties to a motion for relief submitted evidence consisting of estimates and speculation as to the collateral's condition and depreciation, the court split the difference in determining the appropriate adequate protection payment.

Debtor was co-guarantor on a bank loan. The bank could collect from debtor despite settling with the other guarantor & surrendering the promissory note. When the debt is fully paid, the co-guarantor's right to contribution from the debtor will mature

Objection to homestead exemption denied, as the exemption for married persons survives death and because "head of a family" definition in Neb. Rev. Stat. section 40-115 applies to widowed persons

The court overruled debtor's objection to claim, finding the financing statement in question was sufficient to provide notice to third parties of the collateral covered and the debtor's identity, despite a minor error in the address listed for debtor

The application for attorney compensation denied because lien priority had not been established for two creditors. Also denied creditor's objection that the money was theirs because they were only creditor to appeal a ruling in another's favor.