In 2017 Cory Genelin concluded multiyear litigation on behalf of a farm lender over a $3.125M agricultural loan assigned from another bank. The debtors defaulted and then denied any liability to the lender. (One of the debtors even denied the lender existed!) Prior to litigation, the debtors had liquidated collateral, and mingled assets with another operation. A farm visit to inspect collateral turned violent and law enforcement was called.
The debtors alleged the entire panoply of spurious counterclaims including FDCPA violations, Minnesota Farm Lender Act violations, fraud and theft.
After discovery, depositions and motion practice Cory got the debtors to reverse course, admit liability, and give up on their counter claims. They executed a confession of judgement and eventually paid off the debt in full including interest, penalties, and attorney fees.
See Sherburne County File No. 71-CV-16-1448
