MATTER OF SNYDER

Nos. 90-3612, 90-3667.

967 F.2d 1126 (1992)

In the Matter of Delbert SNYDER, Deanna Snyder, and Robert Snyder, Debtors-Appellants. Farm Credit Bank of St. Louis, Cross-Appellant.

United States Court of Appeals, Seventh Circuit.

Decided July 9, 1992.


Attorney(s) appearing for the Case

Robert Lindstrom, Mustain & Lindstrom, Galesburg, Ill. (argued), for Farm Credit Bank of St. Louis.

Gregg N. Grimsley, Vonachen, Lawless, Trager & Slevin, Peoria, Ill. (argued), for Delbert, Deanna and Robert Snyder.

Before BAUER, Chief Judge, CUDAHY, Circuit Judge, and WILL, Senior District Judge.


CUDAHY, Circuit Judge.

Delbert, Deanna and Robert Snyder (the Debtors), who own and operate a farm in Central Illinois, filed for bankruptcy pursuant to Chapter 11 of the Bankruptcy Code, 11 U.S.C. §§ 1101-1174. They seek approval of their amended plans of reorganization on the basis of the "new value" or "fresh capital" exception to the absolute priority rule. Farm Credit Bank of St. Louis (Farm Credit), their principal creditor, asks us to declare that...

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