Ford Motor Credit Co. v. Beneficial Commercial Corp. (In re McClure)

OPINION AND ORDER

THOMAS C. GIBBONS, Bankruptcy Judge:

Before the Court for consideration are cross-Motions for Summary Judgment. This matter was initiated by a Complaint of Ford Motor Credit Company (hereinafter “Ford”) seeking a declaratory judgment to determine the nature, extent and priority of security interests pursuant to § 506(a). Through numerous Stipulations and Default Judgments, most of the named defendants have either disclaimed an interest in the property subject to the Complaint or have agreed to their respective priority positions in the collateral. The instant dispute, however,…