Simon v. Chrysler Credit Corp. (In Re Babaeian Transportation Co.)
United States Bankruptcy Court, C.D. California
1Opinion of the Court
DECISION ON SUMMARY JUDGMENT MOTION
SAMUEL L. BUFFORD, Bankruptcy Judge.
I. INTRODUCTION
This adversary proceeding raises the question of whether Chrysler Financial Corporation (“Chrysler Financial”) properly perfected its security interests in six automobiles that the debtor Babaeian Transportation Co. (“Babaeian”) used as taxicabs. In form, Babaeian leased the vehicles to its drivers, who paid monthly lease payments to Babaeian. Thereafter, the former general manager “took” four of the vehicles, and subsequently used them in his own business, which was apparently also a taxicab firm.
The court…
2Cases cited19 opinions
- Butner v. United StatesSupreme Court of the United States · 1979
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- City Cab Company of Orlando, Inc. v. National Labor Relations BoardCourt of Appeals for the D.C. Circuit · 1980
- Yellow Cab Cooperative, Inc. v. Workers' Compensation Appeals BoardCalifornia Court of Appeal · 1991
- Midlantic National Bank North, N.A. v. Borg-Warner Acceptance Corp. (In Re Mayo)United States Bankruptcy Court, D. Vermont · 1990
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