Who Gets the Check: Determining When Federal Farm Program Payments Are Property of the Bankruptcy Estate

Authors

Susan A. Schneider, University of Arkansas School of LawFollow

Abstract

I. Introduction . . . . . 469

II. Characteristics of Federal Farm Programs . . . . . 471

A. Basic Attributes of Federal Farm Programs . . . . . 471

B. Distinguishing Characteristics of Different Types of Farm Programs . . . . . 474

III. Defining Property of the Estate . . . . . 477

IV. Legal or Equitable Interests as of Commencement of the Case . . . . . 479

A. Contractual Obligation . . . . . 480

B. Pre-Petition Statute as Creating "Legal or Equitable Interest" . . . . . 487

C. Post-Petition Statute: Circuit Courts Draw the Line . . . . . 490

V. Proceeds, Product . . . or Profits of or from Property of the Estate . . . . . 496

VI. Comments and Conclusions . . . . . 503

Recommended Citation

Susan A. Schneider, Who Gets the Check: Determining When Federal Farm Program Payments Are Property of the Bankruptcy Estate, 84 Neb. L. Rev. (2005)
Available at: https://digitalcommons.unl.edu/nlr/vol84/iss2/3