Court of Appeals for the Seventh Circuit March 7, 1994, No. 93-1757 (Farm Credit Bank of St. Louis)

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United States · · · 07-03-1994

BAUER, Circuit Judge.

This bankruptcy litigation concerns the relative rights of a judgment creditor, Farm Credit, and a bankruptcy trustee, John Swartz, to a particular quantity of stock owned by the debtors, James and Thelma Lucas. Before the obligation to Farm Credit arose and before the bankruptcy commenced, the Lucases had pledged the stock as security for a loan.

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