Case number: 4:21-bk-41078 - Lone Valley Farms, Inc. and K D Farms, Inc. - Nebraska Bankruptcy Court

Case Information
  • Case title

    Lone Valley Farms, Inc. and K D Farms, Inc.

  • Court

    Nebraska (nebke)

  • Chapter

    12

  • Judge

    Thomas L Saladino

  • Filed

    10/19/2021

  • Last Filing

    08/12/2022

  • Asset

    Yes

  • Vol

    v

Docket Header
CONFIRMED, JNTADMN, LEAD, CLOSED



U.S. Bankruptcy Court
District of Nebraska (Lincoln Office)
Bankruptcy Petition #: 21-41078-TLS

Assigned to: Chief Judge Thomas L Saladino
Chapter 12
Voluntary
Asset



Debtor disposition:  Standard Discharge
Date filed:  10/19/2021
Date terminated:  08/12/2022
Debtor discharged:  05/26/2022
Plan confirmed:  01/05/2022
341 meeting:  11/19/2021
Deadline for objecting to discharge:  01/18/2022

Consolidated Debtor

K D Farms, Inc.

71104 Avenue 327
Parks, NE 69041
DUNDY-NE
Tax ID / EIN: 47-0582869

represented by
Casandra Langstaff

Koley Jessen P.C., L.L.O.
1125 S 103rd Street
Ste 800
Omaha, NE 68124
402-390-9500
Fax : 402-390-9005
Email: casandra.langstaff@koleyjessen.com

Donald L. Swanson

Koley Jessen P.C.
1125 So 103rd St, Ste 800
Omaha, NE 68124
(402) 390-9500
Email: don.swanson@koleyjessen.com

Debtor

Lone Valley Farms, Inc.

71104 Ave. 327
Parks, NE 69041
DUNDY-NE
Tax ID / EIN: 47-0564162

represented by
Casandra Langstaff

(See above for address)

Donald L. Swanson

(See above for address)

Trustee

James A. Overcash

James A. Overcash,Trustee
301 South 13th Street, Ste 500
Woods Aitken LLP
Lincoln, NE 68508
402-437-8500

 
 
U.S. Trustee

Jerry Jensen

Assistant UST
U.S. Trustee's Office
111 South 18th Plz, Suite 1148
Omaha, NE 68102
 
 

Latest Dockets

Date Filed#Docket Text
08/12/2022Bankruptcy Case Closed . (ble) (Entered: 08/12/2022)
07/28/2022137Order Discharging Trustee and Closing Case Under Chapter 12. The pleading was duly filed, served and noticed pursuant to local rules. No timely resistance/objection was filed. The Trustee's Final Report and Account is approved and he is discharged of his trust, and his bond herein canceled, and the sureties thereon released from further liability thereunder except for any liability which may have arisen while the bond was in effect. Movant is responsible for giving notice to parties in interest as required by rule or statute. ORDERED by Judge Thomas L. Saladino (Text only order) (ADIclerk) (Entered: 07/28/2022)
07/06/2022136Chapter 12 Trustee Final Report and Account 9013 Objections due by 7/27/2022. (Overcash, James) (Entered: 07/06/2022)
06/06/2022135Order (Related Doc # 124 Motion to Confirm Absence of Codebtor Automatic Stay). IT IS ORDERED: For the reasons stated on the record, the Motion is granted, and the codebtor automatic stay provisions of 11 U.S.C. § 1201 and all other stays and injunctions under Title 11 of the United States Code (including without limitation the non-applicability of the stay of Bankruptcy Rule 4001(a)(3)) shall be inapplicable with respect to (i) any co-signor or co-maker of the promissory note signed by debtor Lone Valley Farms, Inc. and debtor K D Farms, Inc. payable to AgAmerica Lending, LLC, and (ii) any non-debtor party who pledged real or personal property to secure repayment of the promissory note signed by debtor Lone Valley Farms and debtor K D Farms, Inc. payable to AgAmerica Lending, LLC. AgAmerica AV1, LLC, may take all actions permitted under applicable law, as AgAmerica deems necessary, appropriate, and/or advisable, with respect to collection of any amounts owed under the Note from non-debtor parties or collateral, including (without limitation) giving notices of default, and proceeding with a nonjudicial sale and/or judicial foreclosure sale of the collateral pursuant to applicable law. ORDERED by Judge Thomas L. Saladino. (See PDF) (dkk) (Entered: 06/06/2022)
05/28/2022134BNC Certificate of Mailing - Order of Discharge. (RE: related document(s)133 Order Discharging Debtor(s)). Notice Date 05/28/2022. (Admin.) (Entered: 05/28/2022)
05/26/2022133Order Discharging Debtor (jea) (Entered: 05/26/2022)
05/26/2022132Order Granting (I) A Discharge to Each Debtor, and (II) A Structured Dismissal of These Jointly Administered Cases (Related Doc # 121). IT IS HEREBY ORDERED THAT: The motion is granted. A discharge under 11 U.S.C. § 1228(a) is granted to each of the Debtors: Lone Valley Farms, Inc., and K D Farms, Inc. Pursuant to 11 U.S.C. § 1208(b), each of these jointly administered Chapter 12 Cases is dismissed, effective as of the entry of a Court order approving the Chapter 12 Trustee's final report and discharging the Chapter 12 Trustee, subject to the provisions set forth in the order. Movant is responsible for giving notice to parties in interest as required by rule or statute. ORDERED by Judge Thomas L. Saladino (See PDF Order in its Entirety) (law) (Entered: 05/26/2022)
05/25/2022131PDF with attached Audio File. Court Date & Time [ 5/25/2022 10:11:27 AM ]. File Size [ 6025 KB ]. Run Time [ 00:25:06 ]. (CRTclerk). (Entered: 05/25/2022)
05/25/2022130Order (RE: related document(s)124 Motion to Confirm Absence of Codebtor Automatic Stay filed by Creditor AgAmerica AV1, LLC). Hearing held on May 25, 2022. Donald Swanson appeared for the Debtors. James Overcash, Ch 12 Trustee, appeared. Jerry Jensen appeared for the US Trustee. Benjamin Moore appeared for AgAmerica AV1, LLC. Evidence Admitted: Filing #128. For the reasons stated on the record, the motion is granted. Proposed order to be submitted. ORDERED by Judge Thomas L. Saladino (Text Only Order) (law) (Entered: 05/25/2022)
05/25/2022129Order (RE: related document(s)121 Motion for Chapter 12 Discharge and Structured Dismissal Filed by Consolidated Debtor K D Farms, Inc., Debtor Lone Valley Farms, Inc.). Hearing held on May 25, 2022. Donald Swanson appeared for the Debtors. James Overcash, Ch 12 Trustee, appeared. Jerry Jensen appeared for the US Trustee. Benjamin Moore appeared for AgAmerica AV1, LLC. Evidence Admitted: Declaration of Kendall M. David attached to filing #121. For the reasons stated on the record, the motion is granted. Proposed order to be submitted. ORDERED by Judge Thomas L. Saladino (Text Only Order) (law) (Entered: 05/25/2022)