Wick v. I.R.S. (In re Bhatti)

MEMORANDUM OPINION

H. CLYDE PEARSON, Chief Judge.

At issue before the court is the trustee’s motion to sell a 1969 Jaguar XKE Roadster free and clear of all liens. The First National Bank of Sioux Falls (“Bank”) objects and alleges it has a secured lien on the vehicle.

The facts are not disputed and the parties have filed stipulations. The facts before the court are based on these stipulations. On January 17, 1990 the Bank obtained a default judgment against the debt- or in the amount of $101,854.41 in the State of South Dakota. The judgment was docketed in the Circuit Court of Smyth County…