In Re Jesse H. Long, Debtor. Barclays American/business Credit, Inc. v. Jesse H. Long

U.S. Court of Appeals, Eighth Circuit · Decided 1985-10-02

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SACHS, District Judge. Over a period of several years, Barclays American/Business Credit, Inc. (Barclays), as successor in interest to Aetna Business Credit, Inc., loaned substantial sums of money to A C Johnson Co. (A C). The loans were calculated as a percentage of inventory, which ranged from $1.3 to $1.7 million, and were secured by A C’s accounts receiva…

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