It is in bankruptcy law, because some, knowing they are going belly-up, will pay their friends, and not other creditors, near the end. B judge can go back 90 days from date of filing, and get money back, which then goes into the asset pool, and redivided, to pay all creditors, including the new ones, who gave the money back. Worst case I"ve seen was in "94- first year combining corn for this older farmer- dried and stored at a neighbor"s business. Needed corn for his livestock, could not get his out, and still had to pay drying and storage bills, since they were assets to the bankruptcy. Pretty hard for an honest farmer with only a few years education to swallow that one. I used to store corn/beans there, but built enough bins to store at home, and that year I farmed fewer acres and had some bins empty, but they seemed cheap protection, sitting empty.
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Today's Featured Article - Talk of the Town: The Saga of Grandpa's Tractor - by The following saga is from the Tractor Talk Discussion Forum. Someone. The saga starts with the following message: Hey guys I have a decision to make. I know what you all will probably suggest and it will probably agree with me way down inside, but here it is. I have a picture blown up and framed in my "tractor room" of a Farmall M. It was my Grandpa's tractor, of which whom I never got to meet. He froze to death getting this tractor out of the barn to pull a truck out of the ditch before I was born. Anyway my dad and aunt had to sell it at the auction,
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