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 - 12-Volt Conversions for 4-Cylinder Ford 2000 & 4000 Tractors - by Tommy Duvall. After two summers of having to park my old 1964 model 4000 gas 4 cyl. on a hill just in case the 6 volt system, for whatever reason, would not crank her, I decided to try the 12 volt conversion. After some research of convert or not, I decided to go ahead, the main reason being that this tractor was a working tractor, not a show tractor (yet). I did keep everything I replaced for the day I do want to restore her to showroom condition.
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1964 I-H 140 tractor with cultivators and sidedresser. Starts and runs good. Asking 2650. CALL RON AT 502-319-1952
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