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MATTER OF HEIMS

Adv. No. 85-0350D.

65 B.R. 112 (1986)

In the Matter of Herbert G. HEIMS and Mary J. Heims, Debtors. FIRST STATE BANK OF MANCHESTER, Plaintiff, v. Herbert G. HEIMS and Mary J. Heims; James Cusic and Marion Cusic; John McAndrews; and Daniel P. Ernst, Trustee, Defendants.

United States Bankruptcy Court, N.D. Iowa.

September 2, 1986.

Attorney(s) appearing for the Case

T. McCuskey, Klinger, Robinson & McCuskey, Cedar Rapids, Iowa, for First State Bank of Manchester.

Victor V. Sprengelmeyer, East Dubuque, Ill., for debtors.

Daniel P. Ernst, Dubuque, Iowa, Trustee.

Mary Browne McCuskey, Clemens & King, Dubuque, Iowa, for John McAndrews.

James and Mary Cusic, Corydon, Iowa, for defendants.

ROBERT D. MARTIN, Bankruptcy Judge.

On January 13, 1983, the First State Bank of Manchester, Iowa ("the bank") opened a $240,000.00 credit line for the debtors who in turn granted the bank a security interest in, inter alia, all existing and after acquired crops, "supplies used or produced in farming operations," contract rights and accounts, and the proceeds from the contract rights and accounts. The bank filed a financing statement with the Iowa Secretary...

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