In Re Fort Dodge Roofing Co.

Findings of Fact, Conclusions of Law, and ORDERS re Trustee’s Motion to Determine Ownership of Account, with Memorandum

WILLIAM W. THINNES, Bankruptcy Judge.

The parties to this matter have posited a most interesting question for the Court, namely, was the assignment of a series of accounts from Fort Dodge Roofing Co. to Stetson Building Products Corp. a transfer on account of an antecedent debt, thereby excepting it from the applicability of Article 9 of the Uniform Commercial Code, or was the transfer merely a device for acquiring a security interest in the accounts such that perfection under…